Concentration and the returns to 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: A frequently tested aspect of Schumpeter's (1950) theory of growth and development is the relationship between R&D spending and concentration. Although some researchers have found statistical support for the proposition that firms in concentrated industries do relatively more R&D (Kamien and Schwartz, 1982), most contend that the relationship is either more complex than anticipated by these tests or that there are more important correlates to consider (Nelson and Winter, 1982; Levin, forthcoming).
Concentration and the returns to R&D
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Additional Information
- Publication
- Review of Industrial Organization 1(3), 232–239
- Language: English
- Date: 1984
- Keywords
- R and D, concentrated industries, Schumpeterian theory