The changing composition of R & D
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Albert N. Link, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: There has been a trend away from basic research toward development spending at all levels within the economy. In constant dollars, basic research peaked in 1953 at 4.2% of total industrial R & D, but steadily fell to 2.8% by 1977, where it has approximately remained. Mansfield (1980) also documented this trend, and as well, he reported a mild decline in process-related R & D activities. The purpose of this paper is to investigate, in an exploratory vein, some determinants of this changing pattern of R & D spending.
The changing composition of R & D
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Created on 3/25/2022
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Additional Information
- Publication
- Managerial and Decision Economics, 1985, 6(2): 125-128
- Language: English
- Date: 1985
- Keywords
- R and D, firm spending, management