R&D, Physical Capital, and the Evolution of Industry
R&D, Physical Capital, and the Evolution of Industry
批准号:
9123170
负责人:
Rafael Rob
金额:
$0.0万
依托单位国家:
美国
项目类别:
Standard Grant
财政年份:
1992
资助国家:
美国
项目状态:
已结题
起止时间:
1992-07-01 至 1994-12-31
中文摘要
该项目提出了投资之间的因果关系, 知识(即,研发支出)和实物资本(即, 机器和设备)。 其基本思想是, 完成研发项目,即,创新,需要 体现新理念的实物投资。 只有这样, 创新者从新想法中获得源源不断的利润。 这将 嵌入行业均衡框架,这表明, 产业的演变(价格、数量、进入 和退出、研发支出等)可以解释为, 研发创新实施机制。 特别是, 可以解释为什么研发支出导致(在统计意义上) 实物投资,以及它们波动性较小的原因。
英文摘要
This project proposes a causal relationship between investments in knowledge (i.e., R&D expenditures) and in physical capital (i.e., machinery and equipment). The basic idea is that a successful completion of R&D projects, i.e., innovations, necessitates physical investments which embody the new ideas. Only then can the innovator generate a flow of profits from the new idea. This will be embedded in an industry equilibrium framework, suggesting that the evolution of industry (in terms of prices, quantities, entry and exit, R&D expenditures, etc.) can be explained via the mechanics of R&D innovations implementations. In particular, one can explain why R&D expenditures cause (in a statistical sense) physical investments, and why they are less volatile.
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会议论文
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资助金额:$0.0万
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依托单位:
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资助金额:$4.05万
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