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Too Much of a Good Thing? The Economics of Investment in R&D

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Listed:
  • Charles I. Jones
  • John C. Williams
Abstract
Empirical research in the micro productivity literature consistently supports the notion that there is too little R&D. However, the methodology of this literature, based on the neoclassical growth model, is challenged by new growth theory, which emphasizes a richer description of the relationship between R&D and productivity.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Charles I. Jones & John C. Williams, "undated". "Too Much of a Good Thing? The Economics of Investment in R&D," Working Papers 95006, Stanford University, Department of Economics.
    • Handle: RePEc:wop:stanec:95006
    as

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    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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