Firm Size and R&D Spending: Testing for Functional Form
One of the most frequently investigated topics in the economics of technological change field is the relationship between firm size and the corresponding level of research and development (R&D) spending. For more than 30 years, researchers have been examining numerous functional forms in an effo...
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| Veröffentlicht in: | Southern economic journal 1988-04, Vol.54 (4), p.1027-1032 |
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| container_title | Southern economic journal |
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| creator | Link, Albert N. Seaks, Terry G. Woodbery, Sabrina R. |
| description | One of the most frequently investigated topics in the economics of technological change field is the relationship between firm size and the corresponding level of research and development (R&D) spending. For more than 30 years, researchers have been examining numerous functional forms in an effort to determine whether larger firms spend more on R&D relative to their size than do smaller firms. A double-log regression model has evolved to be the accepted specification. However, the statistical appropriateness of a particular functional form has not been investigated. Tests for functional form are run using an extended Box-Cox model. Results of analyzing 1985 firm-level industrial data for 9 separate industry groupings indicate that the double-log specification is the most appropriate within the class of models represented by the Box-Cox transformation. |
| doi_str_mv | 10.2307/1059537 |
| format | Article |
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Results of analyzing 1985 firm-level industrial data for 9 separate industry groupings indicate that the double-log specification is the most appropriate within the class of models represented by the Box-Cox transformation.</description><subject>Beverages</subject><subject>Business structures</subject><subject>Communications</subject><subject>Expenditures</subject><subject>Modeling</subject><subject>Null hypothesis</subject><subject>Price elasticity of supply</subject><subject>R&D</subject><subject>Regression analysis</subject><subject>Research & development</subject><subject>Research & development expenditures</subject><subject>Size of enterprise</subject><subject>Spending</subject><subject>Standard error</subject><subject>Statistical analysis</subject><subject>Technological 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| fulltext | fulltext |
| identifier | ISSN: 0038-4038 |
| ispartof | Southern economic journal, 1988-04, Vol.54 (4), p.1027-1032 |
| issn | 0038-4038 2325-8012 |
| language | eng |
| recordid | cdi_proquest_journals_212148383 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Beverages Business structures Communications Expenditures Modeling Null hypothesis Price elasticity of supply R&D Regression analysis Research & development Research & development expenditures Size of enterprise Spending Standard error Statistical analysis Technological change |
| title | Firm Size and R&D Spending: Testing for Functional Form |
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