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| Content Provider | Springer Nature Link |
|---|---|
| Author | Lee, Chang Yang |
| Copyright Year | 2002 |
| Abstract | This paper aims to examine the nature of the distributions of firm R&D intensities within industries and explore the factors that underlie the industry R&D intensity distributions. In particular, following the seminal study by Cohen and Klepper (1992) and using some new and rich data on firm R&D intensities for seven industries across six countries, this study examines the regularities in the industry R&D intensity distributions and demonstrates, based on a simple model of firm R&D, that the industry R&D intensity distributions are governed by the distributions of technological competence, a measure of firm R&D productivity, which corresponds to the notion of the “unobserved R&D-related capabilities” suggested by Cohen and Klepper (1992). This study found that firm R&D intensities within industries are lognormally distributed, displaying a strikingly regular pattern across industries, that the industry distributions of the levels of technological competence are also lognormal, and that, based on the formal model of firm R&D and the notion of the unobserved R&D-related capabilities, the distribution of firm technological competence within an industry underlies the industry's firm R&D intensity distribution. |
| Starting Page | 307 |
| Ending Page | 341 |
| Page Count | 35 |
| File Format | |
| ISSN | 09369937 |
| Journal | Journal of Evolutionary Economics |
| Volume Number | 12 |
| Issue Number | 3 |
| e-ISSN | 14321386 |
| Language | English |
| Publisher | Springer-Verlag |
| Publisher Date | 2002-07-01 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics Business, Management and Accounting |
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