There is a widely recognised tendency for conventional measures of R&D activity to under-estimate the R&D investments of small companies. This arises due to small firms' emphasis on developmental rather than fundamental research, and because this activity is often informally organised.
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Paper provided by Economic Research Institute of Northern Ireland in its series Working Papers NIERC. with number
23.
Find related papers by JEL classification: O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D
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