 A portrait of U.S. firms that invest in R&DLucia Foster, Cheryl Grim and Nikolas Zolas Economics of Innovation and New Technology, 2020, vol. 29, issue 1, 89-111 Abstract: This paper combines micro-level cross-sectional data from the Survey of Industrial Research and Development (SIRD) and the Business Research & Development and Innovation Survey (BRDIS) with the Longitudinal Business Database (LBD) to characterize U.S. firms that invest in research and development (R&D). The result is a firm-level panel data set from 1992 to 2013 that tracks firms as they enter and exit the R&D surveys. Using R&D expenditures to proxy R&D performance, we find that the majority of R&D is performed by large manufacturing firms that export, but the composition of R&D performing firms has gradually shifted more towards smaller nonmanufacturing firms. We find a high degree of persistence in R&D investment with previous R&D experience being a significant determinant of current R&D intensity, even after controlling for individual firm effects. We also uncover differences in observable firm characteristics between manufacturing and nonmanufacturing, as well as small and large, R&D performing firms. Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ecinnt:v:29:y:2020:i:1:p:89-111 Ordering information: This journal article can be ordered from DOI: 10.1080/10438599.2019.1595366 Access Statistics for this article Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli More articles in Economics of Innovation and New Technology from Taylor & Francis Journals |
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