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- W2056538211 abstract "Abstract This paper studies an endogenous growth model where the diffusion of productive knowledge takes time, and is more rapid within firms than between firms. A longer diffusion lag, while improving the appropriability of R&D investment, lowers the productivity of R&D. There is thus a fundamental conflict between the productivity and appropriability of R&D investment. More rapid diffusion of knowledge across firms and the availability of greater cross-product spillovers could reduce the scope of the firm and this may explain the recent decline in the concentration of R&D among large firms in the U.S." @default.
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- W2056538211 date "2002-02-01" @default.
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- W2056538211 title "The diffusion of knowledge and the productivity and appropriability of R&D investment" @default.
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- W2056538211 doi "https://doi.org/10.1016/s0165-1889(00)00046-4" @default.
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