The aim of the paper is to examine the relationship between R&D capital and productivity using micro data for Danish manufacturing firms. We account for the influence of factors such as ownership, innovative characteristics and source of funding. The return to accumulated R&D capital is...

In this paper we analyse the determinants of R&D spending in Danish firms and firms and industries in the nineties. We also examine the complementarity and substitution between publicly and company financed spending taking into account the influence from market structure, barriers of entry,...

It is a commonplace to assume that competition within an industry reduces firms’ profit margins and production inefficiency and increases the effort and resources firms spend on innovations. Although theoretically there are good reasons to believe that competition will increase the...