Does Innovation Encourage Investment in Fixed Capital?

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...

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Bibliografiske detaljer
Main Authors:	Nickell, S, Nicolitsas, D
Format:	Working paper
Sprog:	English
Udgivet:	Centre for Economic Performance, LSE, 1996

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