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The Pro-cyclical R&D Puzzle: Technology Shocks and Pro-cyclical R&D Expenditure [PDF]

open access: possible, 2005
Empirically R&D expenditure moves pro-cyclically, but the pro- cyclicality is a puzzle from the Schumpeterian point of view. The paper examines the cyclical property of R&D expenditure in the context of endogenous growth, and concludes that (i) substitutability between investing in physical capital and investing in technology/knowledge is a key of the ...
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R&D EXPENDITURES AND MARKET VALUE OF BIOTECHNOLOGY FIRMS

The aim of this paper is to conduct an analysis of R&D investments and their impact on a biotechnology firm’s value. The sample consists of the top 52 R&D investors from the European biotechnology sector. The data were obtained from “EU Industrial R&D Investment Scoreboard”.
Chojnacki, Piotr, Kijek, Tomasz
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The role of R&D expenditures in people's innovative potential

2014
The role of investments in a knowledge-based economy, which is the only way to be competitive and innovative, especially in a time of economic crisis, is increasing. R&D expenditures are important indicators of innovative performance and the best countries in the European Union invest the most finance in the area of research and development.
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