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Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence

David, Paul A.; Hall, Bronwyn H.; Toole, Andrew A. - 2021

Is public R&D spending complementary and thus "additional" to private R&D spending, or does it substitute for and tend to "crowd out" private R&D? Conflicting answers are given to this question. We survey the body of available economectric evidence accumulated over the past 35 years. A framework...

Persistent link: https://www.econbiz.de/10013245706

Research and Development as an Investment

Hall, Bronwyn H.; Hayashi, Fumio - 2021

About 20 percent of the gross investment expenditures of U.S. manufacturing firms is expenditures on research and development. Like investment in physical capital, R&D also responds to news about future prospects of the firm, such as profitability, technological opportunities, or changes in...

Persistent link: https://www.econbiz.de/10013247005

Identifying Age, Cohort and Period Effects in Scientific Research Productivity : Discussion and Illustration Using Simulated and Actual Data on French Physicists

Hall, Bronwyn H.; Mairesse, Jacques; Turner, Laure - 2021

The identification of age, cohort (vintage), and period (year) effects in a panel of individuals or other units is an old problem in the social sciences, but one that has not been much studied in the context of measuring researcher productivity. In the context of a semi-parametric model of...

Persistent link: https://www.econbiz.de/10013249571

Empirical Studies of Innovation in the Knowledge Driven Economy

Hall, Bronwyn H. - 2013

innovation and knowledge management and their impact on performance at the firm level for a number of countries. These studies … have been conducted using data drawn from innovation surveys combined with data from a number of other sources. The issue … illustrates the value of these surveys in improving our understanding of innovation in firms and raises a number of questions for …

Persistent link: https://www.econbiz.de/10012754241

Innovation and Productivity in Smes : Empirical Evidence for Italy

Hall, Bronwyn H. - 2010

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … both process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity …

Persistent link: https://www.econbiz.de/10012758059

Employment, Innovation, and Productivity : Evidence from Italian Microdata

Hall, Bronwyn H. - 2015

presents some empirical evidence on the effects of innovation on employment growth and therefore on firms' productivity with … stemming from process innovation. The sources of employment growth during the period are split equally between the net … contribution of product innovation and the net contribution from sales growth of old products. However, the contribution of product …

Persistent link: https://www.econbiz.de/10012750350

Financial Patenting in Europe

Hall, Bronwyn H. - 2014

We take a first look at financial patents at the European Patent Office (EPO). As is the case at the US Patent and Trademark Office (USPTO), the number of financial patents in Europe has increased significantly in parallel with significant changes in payment and financial systems. Scholars have...

Persistent link: https://www.econbiz.de/10012750967

Intellectual Property Use in Middle Income Countries : The Case of Chile

Fink, Carsten - 2018

A frequently debated question is whether the use of intellectual property (IP) protection benefits the residents of low and middle income countries. We contribute to this debate with an analysis of the use of patents and trademarks by firms in Chile over the decade 1995-2005 as the then...

Persistent link: https://www.econbiz.de/10012926411

Tax Policy for Innovation

Hall, Bronwyn H. - 2019

A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their...

Persistent link: https://www.econbiz.de/10012871938

The Importance (or Not) of Patents to UK Firms

Hall, Bronwyn H. - 2015

innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The …

Persistent link: https://www.econbiz.de/10013035536