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

E. Brouwer, A.H. Kleinknecht

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    Samenvatting

    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.
    Originele taal-2Engels
    Pagina's (van-tot)385-391
    TijdschriftCambridge Journal of Economics
    Volume23
    Nummer van het tijdschrift3
    DOI's
    StatusGepubliceerd - 1999

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