The Connections between R&D Intensity and Time in Industrial Innovation

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Title: The Connections between R&D Intensity and Time in Industrial Innovation
Authors: Brzustowski, Thomas A.
Date: 2012-05-31
Abstract: This paper describes a theoretical study of firm-level R&D intensity that shows its important, but so far overlooked, connections with time in industrial innovation. It answers two questions that emerge from time-series data on Canadian industrial R&D spending: Why are big year-to-year fluctuations in R&D intensity associated with high mean values of R&D intensity? Why are small fluctuations associated with low values? It also answers a third question: What is the theoretical basis for the suggestion of Forgacs that the R&D intensity is inversely proportional to the market life of the product, and what are the limits on its applicability? The questions are answered with the help of a mathematical model of cash flows in R&D.
URL: http://hdl.handle.net/10393/22878
http://dx.doi.org/10.20381/ruor-2621
CollectionTelfer - Documents de travail // Telfer - Working Papers
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