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https://hdl.handle.net/10419/31852
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Coad, Alexander | en |
dc.contributor.author | Rao, Rekha | en |
dc.date.accessioned | 2008-02-20 | - |
dc.date.accessioned | 2010-05-14T11:16:44Z | - |
dc.date.available | 2010-05-14T11:16:44Z | - |
dc.date.issued | 2007 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aMax Planck Institute of Economics |cJena | en |
dc.relation.ispartofseries | |aPapers on Economics and Evolution |x0710 | en |
dc.subject.jel | L20 | en |
dc.subject.jel | L10 | en |
dc.subject.jel | O32 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Firm Growth | en |
dc.subject.keyword | Panel VAR | en |
dc.subject.keyword | R&D expenditure | en |
dc.subject.keyword | Industrial Dynamics | en |
dc.subject.stw | Unternehmenswachstum | en |
dc.subject.stw | Industrielle Forschung | en |
dc.subject.stw | Forschungskosten | en |
dc.subject.stw | USA | en |
dc.title | Firm growth and R&D expenditure | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 558681204 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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