| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5945 |
| 来源ID | Working Paper 5945 |
| Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation | |
| Tor Jakob Klette; Zvi Griliches | |
| 发表日期 | 1997-02-01 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | We present a model of endogenous firm growth with R&D investment and innovation as the engine of growth. The objective of our analysis is to present a framework that can be used for microeconometric analysis of firm performance in high-tech industries. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the discrete choice models of product differentiation. We examine to what extent the assumptions and the empirical content of our model are consistent with the findings that have emerged from empirical studies of growth, productivity, R&D and patenting at the firm level. The analysis shows that the model fits well empirical patterns such as (i) a skewed size distribution of firms with persistent differences in firm sizes, (ii) firm growth (roughly) independent of firm size (the so-called Gibrat's law) and (iii) R&D investment proportional to sales, as well as a number of other empirical patterns. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution |
| URL | https://www.nber.org/papers/w5945 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563443 |
| 推荐引用方式 GB/T 7714 | Tor Jakob Klette,Zvi Griliches. Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5945.pdf（1237KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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