Investment, R & D and financial constraints in Britain and Germany
By: Stephen Bond, Dietmar Harhoff, John Van Reenen.
Contributors: Harhoff, Dietmar.; Van Reenen, John.; London School of Economics and Political Science. Centre for Economic Performance.
Series: Discussion paper ;; no. 595; Discussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) ;; no. 595.
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2003
Place of publication: [London]
Language: eng
Format: Electronic resource
Subjects: Research, Industrial -- Great Britain.; Research, Industrial -- Germany.; Capital investments -- Great Britain.; Capital investments -- Germany.
Description: "This paper analyzes differences in R&D spending and in the impact of R&D on productivity between German and UK firms. We confirm that German firms spend significantly larger amounts on R&D than their UK counterparts, even after controlling for firm size and industry effects. Using a dynamic production function approach, we find that the R&D output elasticity is approximately the same in both countries, implying a much larger rate of return on R&D in the UK than in Germany. We discuss several explanations for this result"--London School of Economics web site.
Notes: Includes bibliographical references.
Title from summary page as viewed on 1/7/2005.
Also available in print.
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Mode of access: World Wide Web.