Market structure and the allocation of R&D expenditures

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Abstract

It is shown that, as the number of firms increases, firms tend to allocate higher budgets for development, relative to basic research. This is in contrast to the results found in Aghion and Howitt (Aghion, P., Howitt, P. 1996. Research and development in the growth process. Jounal of Economic Growth 1, 49-73.).

Original languageEnglish
Pages (from-to)55-59
Number of pages5
JournalEconomics Letters
Volume87
Issue number1
DOIs
Publication statusPublished - 2005 Apr 1

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Keywords

  • Allocation of R&D
  • Basic research
  • Development

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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