Absorptive capacity, R&D; spillovers and public policy
Empirical evidence strongly suggests that R&D; increases a firm's “absorptive capacity” (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive ca...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Elsevier
2007
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| Subjects: |