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Article: The diffusion of knowledge and the productivity and appropriability of R&D investment

TitleThe diffusion of knowledge and the productivity and appropriability of R&D investment
Authors
KeywordsDiffusion and endogenous growth
R&D investment
Spillovers
Issue Date2002
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jedc
Citation
Journal Of Economic Dynamics And Control, 2002, v. 26 n. 2, p. 303-331 How to Cite?
AbstractThis paper studies an endogenous growth model where the diffusion of productive knowledge takes time, and is more rapid within firms than between firms. A longer diffusion lag, while improving the appropriability of R&D investment, lowers the productivity of R&D. There is thus a fundamental conflict between the productivity and appropriability of R&D investment. More rapid diffusion of knowledge across firms and the availability of greater cross-product spillovers could reduce the scope of the firm and this may explain the recent decline in the concentration of R&D among large firms in the U.S. © 2002 Elsevier Science B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85733
ISSN
2015 Impact Factor: 0.879
2015 SCImago Journal Rankings: 0.937
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorTse, CYen_HK
dc.date.accessioned2010-09-06T09:08:33Z-
dc.date.available2010-09-06T09:08:33Z-
dc.date.issued2002en_HK
dc.identifier.citationJournal Of Economic Dynamics And Control, 2002, v. 26 n. 2, p. 303-331en_HK
dc.identifier.issn0165-1889en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85733-
dc.description.abstractThis paper studies an endogenous growth model where the diffusion of productive knowledge takes time, and is more rapid within firms than between firms. A longer diffusion lag, while improving the appropriability of R&D investment, lowers the productivity of R&D. There is thus a fundamental conflict between the productivity and appropriability of R&D investment. More rapid diffusion of knowledge across firms and the availability of greater cross-product spillovers could reduce the scope of the firm and this may explain the recent decline in the concentration of R&D among large firms in the U.S. © 2002 Elsevier Science B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jedcen_HK
dc.relation.ispartofJournal of Economic Dynamics and Controlen_HK
dc.rightsJournal of Economic Dynamics and Control. Copyright © Elsevier BV.en_HK
dc.subjectDiffusion and endogenous growthen_HK
dc.subjectR&D investmenten_HK
dc.subjectSpilloversen_HK
dc.titleThe diffusion of knowledge and the productivity and appropriability of R&D investmenten_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0165-1889&volume=26&spage=303&epage=331&date=2002&atitle=The+diffusion+of+knowledge+and+the+productivity+and+appropriability+of+RandD+investmenten_HK
dc.identifier.emailTse, CY: cytse@hkucc.hku.hken_HK
dc.identifier.authorityTse, CY=rp01099en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S0165-1889(00)00046-4en_HK
dc.identifier.scopuseid_2-s2.0-10344227754en_HK
dc.identifier.hkuros71127en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-10344227754&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume26en_HK
dc.identifier.issue2en_HK
dc.identifier.spage303en_HK
dc.identifier.epage331en_HK
dc.identifier.isiWOS:000171931300007-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridTse, CY=7103295092en_HK

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