Peters, Bettina; Roberts, Mark J.; Vuong, Van Anh; … - 2013 - Preliminary Draft
This paper investigates empirically firm investment behavior in research and development (R&D). Firms make investments … in R&D in order to produce innovations. These innovations in turn improve the firm's future productivity level, pro … firms that engage in R&D, process and product innovations create a significant improvement in their productivity. The cost …