Keynes-plus? : effective demand and changes in firm-level R&D : an empirical note

E. Brouwer; A.H. Kleinknecht

doi:10.1093/cje/23.3.385

Keynes-plus? : effective demand and changes in firm-level R&D : an empirical note

E. Brouwer, A.H. Kleinknecht

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Abstract

Analysing changes over time in firm-level R and D efforts, we find that demand growth in a firm's sector of principal activity has a positive influence on changes in a firm's R and D effort, confirming Schmookler's (1969) 'demand-pull' hypothesis. This finding points to an aspect of effective demand which has never been directly noticed by Keynes or the Keynesians. Such findings are important because of evidence in the literature that a firm's innovation activities are positively related to employment growth, export intensity and profits.

Original language	English
Pages (from-to)	385-391
Journal	Cambridge Journal of Economics
Volume	23
Issue number	3
DOIs	https://doi.org/10.1093/cje/23.3.385
Publication status	Published - 1999

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title = "Keynes-plus? : effective demand and changes in firm-level R&D : an empirical note",

abstract = "Analysing changes over time in firm-level R and D efforts, we find that demand growth in a firm's sector of principal activity has a positive influence on changes in a firm's R and D effort, confirming Schmookler's (1969) 'demand-pull' hypothesis. This finding points to an aspect of effective demand which has never been directly noticed by Keynes or the Keynesians. Such findings are important because of evidence in the literature that a firm's innovation activities are positively related to employment growth, export intensity and profits.",

author = "E. Brouwer and A.H. Kleinknecht",

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AU - Kleinknecht, A.H.

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AB - Analysing changes over time in firm-level R and D efforts, we find that demand growth in a firm's sector of principal activity has a positive influence on changes in a firm's R and D effort, confirming Schmookler's (1969) 'demand-pull' hypothesis. This finding points to an aspect of effective demand which has never been directly noticed by Keynes or the Keynesians. Such findings are important because of evidence in the literature that a firm's innovation activities are positively related to employment growth, export intensity and profits.

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DO - 10.1093/cje/23.3.385

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SP - 385

EP - 391

JO - Cambridge Journal of Economics

JF - Cambridge Journal of Economics

IS - 3

ER -

Keynes-plus? : effective demand and changes in firm-level R&D : an empirical note

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