Evaluation of Relative R&D-led Growth with Specific Reference to Heterogeneous Time-varying R&D Decision: A Novel Approach
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Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
University of Economics - Prague
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
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. © 2023, University of Economics - Prague. All rights reserved.
Açıklama
Anahtar Kelimeler
dynamic time-varying difference in differences, EU countries, firm growth, R&D, time-varying R&D-led growth
Kaynak
Prague Economic Papers
WoS Q Değeri
Scopus Q Değeri
Q3
Cilt
32
Sayı
3
