Productivity, R&D, and the Basic Research at the Firm Level in the 1970's
AbstractA new data set for approximately 1,000 largest manufacturing firms inthe United States during 1957-77 is analyzed using a standard production function framework augmented by the addition of R&D "capital" and "mix" variables. The results indicate that R&D continued to contribute to productivity growth with no significant decline in its effectiveness in the 1970s as compared to the 1960s; that the contribution of basic research was significantly higher than its nominal ratio would imply; and that federally financed R&D expenditures had a positive but smaller effect on the productivity growth of these firms than the comparable contribution of privately financed R&D expenditures. Copyright 1986 by American Economic Association.
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 76 (1986)
Issue (Month): 1 (March)
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- Comin, Diego & Mulani, Sunil, 2009.
"A theory of growth and volatility at the aggregate and firm level,"
Journal of Monetary Economics,
Elsevier, vol. 56(8), pages 1023-1042, November.
- Diego Comin & Sunil Mulani, 2007. "A theory of growth and volatility at the aggregate and firm level," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- Diego Comin & Sunil Mulani, 2005. "A Theory of Growth and Volatility at the Aggregate and Firm Level," NBER Working Papers 11503, National Bureau of Economic Research, Inc.
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