Does Innovation Encourage Investment in Fixed Capital?

This paper presents an empirical investigation of the hypothesis that increased R&D; expenditure by companies generates a subsequent increase in fixed capital investment both within the same companies and in the companies which they supply. We use an investment framework which involves model...

Täydet tiedot

Bibliografiset tiedot
Päätekijät: Nickell, S, Nicolitsas, D
Aineistotyyppi: Working paper
Kieli:English
Julkaistu: Centre for Economic Performance, LSE, 1996