The authors present a method based on index number theory for estimating technical progress
and then apply it for estimating technical progress for Japanese manufacturing firms in the 1990s. Estimated technical progress is then used to test the above Griliches hypothesis.
The authors examine the impact of research and development (R&D) intensity and agency costs on the value of firms across 13 economies. Findings indicate that R&D adds value while high agency costs reduce value. R&D adds value, however, even when agency costs are high.
The report from the Government Accountability Office addresses eleven questions regarding the Department of Energys Laboratory Directed Research and Development (LDRD) program. From fiscal year 1998 through fiscal year 2003, DOE’s contractor operated laboratories spent a total of $1.8 billion, or an average of $296 million per year on LDRD.
The author evaluate the contribution of research and development (R&D) investments to productivity growth. The resulting contribution of R&D to productivity growth in the U.S. is smaller than three to five tenths of one percentage point. This constitutes an upper bound for the case where innovators internalize the consequences of their R&D investments on the cost of conducting
future innovations.
The paper traces the innovation pathways of new creations from research and development (R&D) activity through to intellectual property applications using enterprise panel data from 1989 to 2002. Results indicate that R&D activity is a highly path dependent process that relies heavily on firm specific effects.
The paper argues that while it is optimal to concentrate growth-enhancing activities in downturns, dynamic spillovers inherent to the research and development (R&D) process lead private agents to concentrate too much of their R&D
activity in booms, precisely when its social cost is highest.
The paper shows that public research subsidies do not have a significant effect on private research and development expenditures of non-public Danish firms that perform R&D and have more than ten employees.
The authors present evidence for the semiconductor industry that research joint ventures (RJVs) indeed represent viable alternatives to mergers. They present evidence that joint ventures, and in particular, RJVs, may achieve comparable efficiencies possibly without the anti-competitive (market power) effects of mergers.
The authors construct a simple model with horizontally differentiated consumer goods, where each firm may invest in quality-improving research and development (R&D) to address issues of cooperative and non-cooperative R&D policy.
According to the authors, empirical evidence strongly suggests that research and development (R&D) increases a firms absorptive capacity as well as contributing directly to profitability. The authors 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.