R&D Cyclicality and Composition Effects: A Unifying Approach

Existing empirical studies do not concur on whether R&D spending is procyclical or countercyclical: the former hypothesis is supported by studies of aggregate R&D spending, whereas the latter is vindicated by firm-level evidence. Nikolay Chernyshev reconciles the two facts by advancing a general equilibrium framework.

Read the Study

Image courtesy of interviewee. November 22, 2021

Log-in or Sign-up to Faculti
Currently viewing this subject insight as a guest. You have insight(s) remaining for this month.

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © Faculti Media Limited 2013 - 2024. All rights reserved.
error: