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- W2235200514 abstract "Recent empirical work finds that Research and Development (R&D) expenditures, particularly from the business sector, tend to move in parallel with gross domestic product (GDP). Comin and Gertler (2006) and Barlevy (2007) provide recent documentation on the procyclicality of R&D. In the Eastern Europe and Central Asia (ECA) region, the region most negatively affected by the recent financial crisis according to World Bank (2010), the evidence suggests that the crisis has already affected the economic performance of R&D performers. Correa and Iootty (2011) focus on sales as a particular measure of firm's economic performance and use a panel data from the World Bank's Financial Crisis Survey (FCS) to investigate the differential impact of the global economic crisis on sales performance of R&D (versus non-R&D performers) firms in selected Eastern European countries. The authors show that the decline in sales growth of R&D performers was significantly larger when compared to non-R&D performers, even when controlling for different idiosyncratic firm characteristics." @default.
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- W2235200514 date "2011-01-01" @default.
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- W2235200514 title "R&D decisions during the crisis : firm-level evidence for selected eastern countries" @default.
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