| Economics in Industries Contributor(s): Steven, Hall (Author) |
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ISBN: 3838336895 ISBN-13: 9783838336893 Publisher: LAP Lambert Academic Publishing OUR PRICE: $60.53 Product Type: Paperback Published: January 2010 |
| Additional Information |
| BISAC Categories: - Philosophy |
| Physical Information: 0.36" H x 6" W x 9" (0.52 lbs) 156 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This paper develops and estimates a structural model of R&D investment and productivity evolution of manufacturing plants in the Korean electric motor industry from 1991 to 1996. Plant-level decisions for R&D investment, physical capital investment, entry, and exit are developed using a dynamic industry evolution model. Estimates of the structural parameters are used to quantify how a plant's productivity is affected by its own R&D and by spillovers from the R&D of its competitors. In contrast to previous R&D studies, which usually investigate a collection of producers from various industries, this paper characterizes how the full set of dynamic decisions by each plant in a single industry interact with its own and its competitor's productivity change. This allows the model to provide a detailed set of pathways connecting the plant-level R&D investment, productivity, physical investment, and turnover patterns observed in the data. |
