THE DETERMINANTS AND EFFECTS OF INDUSTRIAL RESEARCH AND DEVELOPMENT.
PRINCETON UNIV N J ECONOMETRIC RESEARCH PROGRAM
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Several hypotheses on the determinants and effects of industrial research and development expenditures are formulated, and then tested on firms in the chemical, drug, and petroleum industries. The empirical results indicate a significant relation between R and D and various other technological, financial, and marketing variables of the firm. The implications for government anti-trust and fiscal policy are considered, and some theoretical models which incorporate the main empirical findings are developed to analyze various policy questions.
- Economics and Cost Analysis
- Theoretical Mathematics