Discussion Papers no. 120
A "not-so-fixed effect" model of plant performance
R&D, scope economies and company structure
Some well-known correlations between R&D and performance are given a somewhat new interpretation in this paper. I present an alternative model of knowledge accumulation, with some interesting and desirable properties. Perhaps the most attractive property is that it provides a simple and less data intensive framework for empirical studies of the relationship between firm performance and R&D. This property allows me to address some new aspects of this relationship combining two rich, new sources of firm and plant-level data. Among the substantial empirical findings are (i) R&D has a positive and significant effect on performance, (ii) the estimates suggest that the appropriable part of knowledge capital depreciate at a rate of 0.2, (iii) there are visible spillover effects of R&D across LBs within a firm (economies of scope in R&D), and (iv) there are significant spillovers in R&D across firms that belong to the same interlocking group of firms.
Om publikasjonen
- Tittel
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R&D, scope economies and company structure. A "not-so-fixed effect" model of plant performance
- Ansvarlig
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Tor Jakob Klette
- Serie og -nummer
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Discussion Papers no. 120
- Utgiver
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Statistics Norway, Research Department
- Emne
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Discussion Papers
- Antall sider
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41
- Målform
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Engelsk
- Om Discussion Papers
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Discussion papers comprise research papers intended for international journals and books. A preprint of a Discussion Paper may be longer and more elaborate than a standard journal article as it may include intermediate calculations, background material etc.
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