| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4932 |
| DP4932 The Corporate Governance of Defined-Benefit Pension Plans: Evidence from the United Kingdom | |
| Joao F. Cocco; Paolo Volpin | |
| 发表日期 | 2005-02-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper aims at assessing the impact of R&D spillovers on firms? economic performance as measured by productivity growth. The construction of R&D spillovers is based on Jaffe?s methodology (1986, 1988), which associates econometrics and data analysis. The main objective of the paper is to extend Jaffe?s methodology by examining alternative methods for measuring R&D spillovers and to test their impacts in terms of the robustness of results. In particular, the method used to classify firms into technological clusters as well as the metrics implemented to appreciate firms? technological proximities which enter the construction of spillovers are further investigated. In addition to R&D spillovers, firms? own R&D capital, labour and physical capital are estimated by means of a Cobb-Douglas production function. The data set consists of a representative sample of 625 worldwide R&D-intensive firms over the period 1987-1994. |
| 主题 | Industrial Organization |
| 关键词 | R&d spillovers Productivity growth Panel data Clustering |
| URL | https://cepr.org/publications/dp4932 |
| 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/533833 |
| 推荐引用方式 GB/T 7714 | Joao F. Cocco,Paolo Volpin. DP4932 The Corporate Governance of Defined-Benefit Pension Plans: Evidence from the United Kingdom. 2005. |
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