Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/48118
Authors: 
Wälde, Klaus
Woitek, Ulrich
Year of Publication: 
2003
Series/Report no.: 
Dresden discussion paper in economics 03/03
Abstract: 
The literature on endogenous growth cycles predicts countercyclical R&D expenditure. Aggregate R&D expenditure in G7 countries from 1973 to 1997 seems to be procyclical. Implications for future theoretical research are discussed.
Subjects: 
Cyclical Properties of R&D Expenditure
Growth Cycles
JEL: 
C2
E32
O41
Document Type: 
Working Paper

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