Evaluation of Relative R&D-led Growth with Specific Reference to Heterogeneous Time-varying R&D Decision: A Novel Approach

被引：0
|
作者：
Doruk, oemer Tugsal [1 ]
机构：
[1] GLO, Essen, Adana, Turkiye
来源：
PRAGUE ECONOMIC PAPERS | 2023年 / 32卷 / 03期
关键词：
R&D; firm growth; EU countries; time-varying R&D-led growth; dynamic time-varying difference in differences; FIRM GROWTH; DEVELOPMENT INVESTMENTS; INNOVATION; SPILLOVERS; DETERMINANTS; PRODUCTIVITY; PERFORMANCE; COMPETITION; SMES; SENSITIVITY;
D O I：
10.18267/j.pep.832
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The relationship between R&D expenditures and firm growth is examined for a cross-country firm-level dataset for the EU countries in the period from 1989 to 2019. A panel dynamic average treatment effect is estimated using a panel time-varying dynamic difference-indifferences model. The methodology can be counted as novel. The results show a positive and significant relationship between R&D and firm growth within the first five years of R&D investment in the 22 EU countries, over 700 firms and 30 years. The main novelty of the present study comes from examining the time-varying effect of R&D expenditures on firm growth for manufacturing firms in EU countries.
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页码：273 / 291
页数：19
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