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...

Полное описание

Библиографические подробности
Главные авторы:	Nickell, S, Nicolitsas, D
Формат:	Working paper
Язык:	English
Опубликовано:	Centre for Economic Performance, LSE, 1996

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