Artuç, Erhan; Pourpourides, Panayiotis M. - In: Journal of Economic Dynamics and Control 47 (2014) C, pp. 54-71
–2007, we identify sectoral technology and capital investment-specific shocks by employing a Vector Autoregression. The …, we find that capital investment-specific shocks explain 70 percent of fluctuations of R&D investment, while R …