Basic research , R&D , production function estimation
Abstract:
R&D encompasses plenty of activities which are usually summarized under the terms of
basic research, applied research and development. Although basic research is often associated
with low appropriability it provides the fundamental basis for subsequent applied research
and development. Especially in the high-tech sector basic research capabilities are an
essential component for a firm's success. We use firm-level panel data stemming from
Belgian R&D surveys and apply a production function approach which shows that basic
research exhibits a premium on a firm's output when compared to applied research and
development. When we split the sample into high-tech and low-tech companies, we find a
large premium of basic research for firms in high-tech industries, but no premium in low-tech
sectors.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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