Peters, Bettina; Roberts, Mark J.; Vuong, Van Anh - 2018
In this article we study differences in the returns to R&D investment between firms that sell in international markets … estimate a dynamic structural model of a firm's decision to invest in R&D and use it to measure the difference in expected long …-run benefit from R&D investment for exporting and domestic firms. The results show that R&D investment leads to a higher rate of …