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...
| Hauptverfasser: | , |
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| Format: | Working paper |
| Sprache: | English |
| Veröffentlicht: |
Centre for Economic Performance, LSE,
1996
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