Mahlich, Jörg C.; Roediger-Schluga, Thomas - United Nations University-Maastricht Economic Research … - 2006
significant share of R&D spending are wages and
salaries of scientists and engineers, who create ideally profitable new knowledge …. This
knowledge is specialized, sunk and intangible, and its value hence very difficult to determine.
Second, even to …
revenues). An additional element of sluggishness is introduced by the fact that R&D enhances
firms' knowledge bases, which is …