Galaasen, Sigurd Mølster; Irarrazabal, Alfonso - 2016
This paper quantifies the determinants of heterogeneity in R&D investment and its implications for growth. Using a … panel of Norwegian manufacturing firms we document a negative correlation between R&D intensity and firm size, driven mainly … by small firms with high R&D intensity. We estimate a Schumpeterian growth model with heterogeneous firms, that differ …