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

Erik Brouwer and Alfred Kleinknecht
Additional contact information
Erik Brouwer: Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics

No 38, Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics

Abstract: Analyzing changes over time in firm-level R&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&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.

JEL-codes: E12 O31 (search for similar items in EconPapers)
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://degree.ubvu.vu.nl/repec/vua/wpaper/pdf/19970038.pdf (application/pdf)

Related works:
Journal Article: Keynes-Plus? Effective Demand and Changes in Firm-Level R&D: An Empirical Note (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vua:wpaper:1997-38

Access Statistics for this paper

More papers in Serie Research Memoranda from VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics Contact information at EDIRC.
Bibliographic data for series maintained by R. Dam ().