| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w29733
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| 来源ID | Working Paper 29733
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| A Structural Empirical Model of R&D Investment, Firm Heterogeneity, and Industry Evolution |
| Yanyou Chen; Daniel Xu
|
| 发表日期 | 2022-02-14
|
| 出版年 | 2022
|
| 语种 | 英语
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| 摘要 | This paper develops and estimates an industry equilibrium model of manufacturing plants in the Korean electric motor industry from 1991 to 1996. Plant-level decisions on R&D, physical capital investment, entry, and exit are integrated in a dynamic setting with knowledge spillovers. We use a simulated method of moments estimator and the novel approximation method of Weintraub, Benkard and Van Roy (2008) to estimate the R&D cost, magnitude of knowledge spillovers, adjustment costs of physical investment, and plant scrap value distribution. Knowledge spillovers are essential to explaining the firm-level productivity evolution and the equilibrium market configuration. A counterfactual experiment reveals that a 15% R&D subsidy maximizes industry output and is broadly consistent with a past policy initiative of the Korean government. |
| 主题 | Industrial Organization
; Market Structure and Firm Performance
; Development and Growth
; Innovation and R&
; D
|
| URL | https://www.nber.org/papers/w29733
|
| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587407
|
推荐引用方式
GB/T 7714 |
Yanyou Chen,Daniel Xu. A Structural Empirical Model of R&D Investment, Firm Heterogeneity, and Industry Evolution. 2022.
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文件名：
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w29733.pdf
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格式：
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Adobe PDF
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