Too Much of a Good Thing? The Economics of Investment in R&D

Charles Jones and John Williams

Working Papers from Harvard - Institute for International Development

Abstract: Empirical research in the micro productivity literature consistently supports the notion that there is too little R&D. However, the methodology of this literature, based on the neoclassical growth model, is challenged by new growth theory, which emphasizes a richer description of the relationship between R&D and productivity.

Keywords: RESEARCH AND DEVELOPMENT; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: O32 O41 (search for similar items in EconPapers)
Pages: 47 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (9)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Too Much of a Good Thing? The Economics of Investment in R&D (2000)
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D (1999)
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D" (1999)
Working Paper: Too much of a good thing? The economics of investment in R&D (1995)
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D
Working Paper: Too Much of a Good Thing? The Economics of Investment in R&D
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:fth:harvid:538

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Harvard - Institute for International Development CAER Project, Harvard Institute for International Development, 14 Story Street, Cambridge MA 02138O. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().