Ziesemer, Thomas - In: Journal of Applied Economics 24 (2021) 1, pp. 460-477
We analyze the dynamic interaction of mission-oriented R&D expenditure stocks with domestic and foreign private and …-error-correction method. Permanent changes on mission-oriented R&D increase total-factor-productivity and GDP. On average across periods and … countries, a 1% increase of mission-oriented R&D leads to an additional 0.485% public R&D, 0.705% private R&D, 0.485% for TFP …