Herzer, Dierk - In: Journal of the Knowledge Economy 13 (2021) 4, pp. 3248-3264
Several studies have examined the long-run effects of public and private R&D on TFP with mixed results. A common … feature of these studies is that they measure public and private R&D activity using perpetual inventory stocks of public and … private R&D capital, constructed under the assumption that the prices of GDP, public R&D, and private R&D move identically …