dc.contributor.author | Galaasen, Sigurd Mølster | |
dc.contributor.author | Irarrazabal, Alfonso | |
dc.date.accessioned | 2018-04-24T12:19:01Z | |
dc.date.available | 2018-04-24T12:19:01Z | |
dc.date.issued | 2016 | |
dc.identifier.isbn | 978-82-7553-938-8 | |
dc.identifier.issn | 1502-8190 | |
dc.identifier.uri | http://hdl.handle.net/11250/2495713 | |
dc.description.abstract | This paper quantifies the determinants of heterogeneity in R&D investment and its implications for growth. Using a panel of Norwegian manufacturing firms we document a negative correlation between R&D intensity and firm size, driven mainly by small firms with high R&D intensity. We estimate a Schumpeterian growth model with heterogeneous firms, that differ with respect to innovation efficiency. The estimated model fits the shape of the R&D investment distribution as well as the negative correlation between R&D intensity and firm size. A larger selection effect contribution to aggregate growth is found when we include R&D moments in the estimation. Finally, we study the link between firm heterogeneity and R&D subsidies, and show that the growth effects of subsidies depend crucially on how the policy influences the equilibrium distribution of firms. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Norges Bank | nb_NO |
dc.relation.ispartofseries | Working Papers;15/2016 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | JEL: L11 | nb_NO |
dc.subject | JEL: O3 | nb_NO |
dc.subject | JEL: O4 | nb_NO |
dc.subject | R&D | nb_NO |
dc.subject | heterogeneous firms | nb_NO |
dc.subject | subsidies | nb_NO |
dc.subject | growth | nb_NO |
dc.title | R&D Heterogeneity and Its Implications for Growth | nb_NO |
dc.type | Working paper | nb_NO |
dc.description.version | publishedVersion | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | nb_NO |
dc.source.pagenumber | 49 | nb_NO |