As Mohnen (1996: 40) has indicated, research and development (RD (ii) usually smaller than that of own-RD (iii) too small to be practically significant when evidence with adequate statistical power… Click to show full abstract
As Mohnen (1996: 40) has indicated, research and development (RD (ii) usually smaller than that of own-RD (iii) too small to be practically significant when evidence with adequate statistical power is considered. Controlling for observable sources of heterogeneity and best-practice research, the meta-effect is insignificant in the full sample but significant and large among OECD firms/industries/countries. We discuss the implications of these findings for future research and public support for R&D investment.
               
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