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Max-Planck-Institut für Ökonomik, Jena >
Papers on Economics and Evolution, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/31852
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Coad, Alexander | | en_US |
| dc.contributor.author | | Rao, Rekha | | en_US |
| dc.date.accessioned | | 2008-02-20 | | en_US |
| dc.date.accessioned | | 2010-05-14T11:16:44Z | | - |
| dc.date.available | | 2010-05-14T11:16:44Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/31852 | | - |
| dc.description.abstract | | We apply a panel vector autoregression model to a firm-level longitudinal database to observe the co-evolution of sales growth, employment growth, profits growth and growth of R&D expenditure. Contrary to expectations, profit growth seems to have little detectable effect on R&D investment. Instead, firms appear to increase their total R&D expenditure following growth in sales and growth of employment. In a sense, firms behave as if they aim for a roughly constant ratio of R&D to employment (or sales). We observe heterogeneous effects for growing or shrinking firms however, suggesting that firms are less willing to reduce their R&D levels following a negative growth shock than they are willing to increase R&D after a positive shock. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Max-Planck-Inst. für Ökonomik Jena | | en_US |
| dc.relation.ispartofseries | | Papers on economics and evolution 0710 | | en_US |
| dc.subject.jel | | L20 | | en_US |
| dc.subject.jel | | L10 | | en_US |
| dc.subject.jel | | O32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Firm Growth | | en_US |
| dc.subject.keyword | | Panel VAR | | en_US |
| dc.subject.keyword | | R&D expenditure | | en_US |
| dc.subject.keyword | | Industrial Dynamics | | en_US |
| dc.subject.stw | | Unternehmenswachstum | | en_US |
| dc.subject.stw | | Industrielle Forschung | | en_US |
| dc.subject.stw | | Forschungskosten | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Firm growth and R&D expenditure | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 558681204 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Papers on Economics and Evolution, MPI für Ökonomik
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