Estimating Dynamic R&D Demand: An Analysis of Costs and Long-Run Benefits
NBER Working Paper No. 19374
---- Acknowledgements -----
We are grateful to Uli Doraszelski, Ken Judd, Jacques Mairesse, Joris Pinkse, Spiro Stefanou, Jim Tybout, and Hongsong Zhang for helpful comments and discussions. We thank the Center for European Economic Research (ZEW) for providing data access and research support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.