R&D Spending: Dynamic or Persistent?
Abstract
It is well established that the benefits of RD under a dynamic policy, RD the predictable part has no or even positive effects. Finally, our results are more pronounced for firms in higher quantiles of the performance distribution: rather than coping with the negative effects of dynamic allocation, such companies are especially affected by...
Paper Details
Title
R&D Spending: Dynamic or Persistent?
Published Date
Jan 1, 2015
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