Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
967075 | Journal of Monetary Economics | 2009 | 20 Pages |
Abstract
On the empirical side, this paper presents new cross-country evidence that R&D subsidies are not significantly associated with higher growth but are associated with lower aggregate volatility. It also documents an upward trend in the instability of market shares, a positive association between firm volatility and R&D spending, and a negative association across sectors between R&D and how correlated the sector is with the rest of the economy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Diego Comin, Sunil Mulani,