This paper uses a new data set of 12,000 firms in China to estimate the returns to research and development investment and its spillover effects, and investigates how the returns to research and development depend on firm incentives. For the firms in the sample, the results show that on average firm output increases around 0.4 yuan for each additional 1 yuan spent on research and development in the previous year, and there is high research and development...
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INFORMATION
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2015/02/01
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Document de travail de recherche sur les politiques
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WPS7191
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1
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1
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2015/02/01
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Disclosed
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R&D returns, spillovers, and firm incentives : evidence from China
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marginal return
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