| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19374 |
| 来源ID | Working Paper 19374 |
| Estimating Dynamic R&D Demand: An Analysis of Costs and Long-Run Benefits | |
| Bettina Peters; Mark J. Roberts; Van Anh Vuong; Helmut Fryges | |
| 发表日期 | 2013-08-29 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper estimates a dynamic structural model of discrete R&D investment and quantifies its cost and long-run benefit for German manufacturing firms. The dynamic model incorporates linkages between the firm's R&D choice, product and process innovations, and future productivity and profits. The long- run payoff to R&D is measured as the proportional difference in expected firm value generated by the R&D investment. It increases firm value by 6.7 percent for the median firm in high-tech manufacturing industries but only 2.8 percent in low-tech industries. Simulations show that reductions in maintence costs of innovation significantly raise investment rates and productivity while reductions in startup costs have little effect. |
| 主题 | Industrial Organization ; Industry Studies ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w19374 |
| 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/577049 |
| 推荐引用方式 GB/T 7714 | Bettina Peters,Mark J. Roberts,Van Anh Vuong,et al. Estimating Dynamic R&D Demand: An Analysis of Costs and Long-Run Benefits. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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