The R&D Intensity of Companies Lagging Behind the Technological Frontier
Abstract
We estimate with System Generalized Method of Moments the effect of the distance from the technological frontier on the R&D intensity of companies, using a new European level database. In our estimation the companies that lag behind are less active in research activity.
Type
Publication
The Empirical Economics Letters
Sebastian Gomez-Cardona
Director of Research
I am Director of Research in Investment Advice and Planning at Morningstar Retirement.