The Connections between R&D Intensity and Time in Industrial Innovation
|Title:||The Connections between R&D Intensity and Time in Industrial Innovation|
|Authors:||Brzustowski, Thomas A.|
|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.|
|Collection||Telfer - Documents de travail // Telfer - Working Papers|
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