R&D and Aggregate Fluctuations
Empirical observations raise interesting questions regarding the sources of the excessive volatility in the R&D sector as well as the nature of the relation between the sector and aggregate fluctuations. Using US data for the period 1959–2007, we identify sectoral technology and capital investme...
| Main Authors: | , |
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| Language: | en_US |
| Published: |
Elsevier
2015
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| Online Access: | http://hdl.handle.net/10986/21412 |