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...

ver descrição completa

Detalhes bibliográficos
Main Authors: Nickell, S, Nicolitsas, D
Formato: Working paper
Idioma:English
Publicado em: Centre for Economic Performance, LSE, 1996