Blar i Discussion Papers på emneord "Capitalization of R&D"
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A new approach to estimating private returns to R&D
(Discussion Paper;No. 1005, Working paper, 2023-08)This paper revisits the estimation of private returns to R&D. In an extension of the standard approach, we allow for endogeneity of production decisions, heterogeneity of R&D elasticities, and asymmetric treatment of ...