Quality ladders, growth, and R&D: an assessment from U.S. industry
dc.contributor.author | Phillips, Kerk L. | en_US |
dc.date.accessioned | 2006-04-10T15:43:58Z | |
dc.date.available | 2006-04-10T15:43:58Z | |
dc.date.issued | 1993-06 | en_US |
dc.identifier.citation | Phillips, Kerk L. (1993/06)."Quality ladders, growth, and R&D: an assessment from U.S. industry." Carnegie-Rochester Conference Series on Public Policy 38(): 239-273. <http://hdl.handle.net/2027.42/30762> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6V8D-45R2J1F-C/2/550c0900fe628caff40f673095597c07 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/30762 | |
dc.description.abstract | This paper present a version of recent Schumpeterian growth models. I present a different specification of preferences, by allowing goods within industries to be subtitutes, albeit imperfect ones. I show that assuming R&D spillovers, which allow easier R&D for less technologically advanced goods, leads to identical R&D intensities across goods within an industry. I also show that in the steady-state industries with greater shares in expenditure, greater ease of R&D and higher markups will experience higher real growth. I then present empirical evidence using Solow residuals from U.S. industry testing these relationships. I find the correlation between technology growth and markups to be weak. There is evidence of a positive impact of company-financed R&D on technology growth. | en_US |
dc.format.extent | 1899427 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | Quality ladders, growth, and R&D: an assessment from U.S. industry | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Brigham Young University, Provo, Utah 84602, U.S.A.; University of Michigan, USA. | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/30762/1/0000413.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/0167-2231(93)90024-Q | en_US |
dc.identifier.source | Carnegie-Rochester Conference Series on Public Policy | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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