A Structural Empirical Model Of R&D, Firm Heterogeneity And Industry Evolution
- Topics:
- Organization
- Source:
- Pennsylvania State University
FREE Registration is required
Overview: This paper develops and estimates a structural model of R&D (Research & Development) investment and productivity evolution of manufacturing plants in the Korean electric motor industry from 1991 to 1996. Plant-level decisions for R&D investment, physical capital investment, entry, and exit are developed using an equilibrium industry evolution model. Estimates of the structural parameters are used to quantify whether and how a plant's productivity is affected by its own R&D and by spill-overs from the R&D of its competitors. In contrast to previous R&D studies, which usually investigate a collection of producers from various industries, this paper characterizes how the full set of dynamic decisions by each plant in a single industry interact with its own and its competitor's productivity change.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: PDF | Size: 990KB | Date: Nov 2006 | Pages: 43
People who downloaded this item also downloaded
![]() |
R&D Tax Policy And Firm Dynamics |






