Tag: R&D intensity
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Is R&D intensity stationary?
NEW PUBLICATION: It was a really nice experience to explore the links between innovation and macroeconomics. We find that R&D intensity is stationary in the G7…
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Fourier DF unit root test for R&D intensity of G7 countries
NEW WORKING PAPER: According to the Schumpeterian endogenous growth theory, the efficacy of R&D is lowered by the proliferation of products. To be consistent with empirical…