DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lee, Chang-Yang | ko |
dc.date.accessioned | 2008-04-30T03:01:26Z | - |
dc.date.available | 2008-04-30T03:01:26Z | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.issued | 2003-10 | - |
dc.identifier.citation | ECONOMICS OF INNOVATION AND NEW TECHNOLOGY, v.12, no.5, pp.385 - 395 | - |
dc.identifier.issn | 1043-8599 | - |
dc.identifier.uri | http://hdl.handle.net/10203/4289 | - |
dc.description.abstract | This paper derives a simple, but informative, model of firm R&D to figure out key factors that determine firm R&D effort. The model suggests a demand-pull, technology-push theory of R&D by showing that a firms profit-maximizing R&D expenditure is determined jointly by both demand-side factors and technology-side factors. The former includes demand size (firm sales) and consumer preference over quality and price and the latter includes R&D cost structure or the production-cost effect of product R&D and firm-specific technological competence. In addition, the model shows that other things being equal, the stock of exogenous technological knowledge, including the firms previously accumulated technological knowledge, relevant to current R&D which is negatively related with current R&D effort. An empirical analysis of firm R&D intensities and technological capabilities of more than 1600 firms in nine industries across six countries provides supportive evidence for the theory. Further, the theory implies that R&D intensity or the R&D-to-sales ratio is independent of firm size unless firm size affects technological competence and that given consumer preference and R&D cost structure facing all firms in the same industry, the distribution of firm-specific technological competence among firms determines the distribution of firm R&D intensities within the industry. | - |
dc.language | English | - |
dc.language.iso | en_US | en |
dc.publisher | Taylor & Francis | - |
dc.title | A Simple Theory and Evidence on the Determinants of Firm R&D | - |
dc.type | Article | - |
dc.type.rims | ART | - |
dc.citation.volume | 12 | - |
dc.citation.issue | 5 | - |
dc.citation.beginningpage | 385 | - |
dc.citation.endingpage | 395 | - |
dc.citation.publicationname | ECONOMICS OF INNOVATION AND NEW TECHNOLOGY | - |
dc.embargo.liftdate | 9999-12-31 | - |
dc.embargo.terms | 9999-12-31 | - |
dc.contributor.localauthor | Lee, Chang-Yang | - |
dc.description.isOpenAccess | N | - |
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