Absorptive Capacity, R&D; Spillovers and Public Policy.
Empirical evidence strongly suggests that R&D; increases a firm's 'absorptive capacity' (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the abs...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
2004
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