An Analysis of the Composition of R&D. Spending.

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Albert N. Link, Professor (Creator)
The University of North Carolina at Greensboro (UNCG )
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Abstract: Research and development encompasses a myriad of activities. Generally, research is the primary search for technical or scientific advancement, and development is the translation of such advancement into product of process innovations. The National Science Foundation has fostered an even finer breakdown: basic research, applied research and development. In practice, however, R&D is more heterogeneous than these labels imply. The research fields associated with basic research include areas in both the physical and biological sciences. Applied research and development projects relate to product groups as diverse as all the activities in the industrial sector. Nevertheless, most previous empirical studies of the microeconomic aspects of R&D have treated R&D spending as a single, homogeneous activity. Consequently, a generally acceptable set of variables has developed for explaining inter-firm levels of R&D spending, but virtually nothing is known about the determinants of the inter-firm composition of R&D.

Additional Information

Language: English
Date: 1982
research and development spending, R&D spending, economics, firm size, product research

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