Hall, Bronwyn H.; Mairesse, Jacques; Branstetter, Lee; … - EconWPA - 1999
, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The … causal relationship among sales and cash flow on the one hand and investment and R&D on the other, using three large panels … investment and R&D are more highly sensitive to cash flow and sales in the United States than in France and Japan. Corresponding …