Basic Research and Productivity Increase in Manufacturing: Additional Evidence
@article{Link2013BasicRA, title={Basic Research and Productivity Increase in Manufacturing: Additional Evidence}, author={A. Link}, journal={The American Economic Review}, year={2013}, volume={71}, pages={1111-1112} }
In a recent paper in this Review, Edwin
Mansfield illustrated empirically (using a
sample of ten petroleum and six chemical
firms) that firm rates of productivity change
are related to the amount of companyfinanced
basic research performed, certeris
paribus. In this note additional evidence is
presented which is supportive of Mansfield's
findings. This analysis is based on a sample
of fifty- one major manufacturing firms
active in R&D: it is unique in that the impacts
of company… CONTINUE READING
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