| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4268 |
| DP4268 A Scapegoat Model of Exchange Rate Fluctuations | |
| Philippe Bacchetta; Eric van Wincoop | |
| 发表日期 | 2004-02-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Empirical evidence strongly suggests that R&D increases a firm?s ?absorptive capacity? (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive capacity process and show that costly absorption both raises the effectiveness of own R&D and lowers the effective spillover coefficient. This weakens the case for encouraging research joint ventures, even if there is complete information sharing between its members. It also implies an additional strategic pay-off to policies that raise the level of extra-industry knowledge. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Absorptive capacity of r&d Competition policy Industrial policy R&d spillovers Research joint ventures |
| URL | https://cepr.org/publications/dp4268 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533232 |
| 推荐引用方式 GB/T 7714 | Philippe Bacchetta,Eric van Wincoop. DP4268 A Scapegoat Model of Exchange Rate Fluctuations. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
