Irreversibility of R&D investment and the adverse effect of uncertainty: Evidence from the OECD countries

被引：65

作者：

Goel, RK ^{[1
]}

Ram, R ^{[1
]}

机构：

[1] Illinois State Univ, Dept Econ, Normal, IL 61790 USA

来源：

ECONOMICS LETTERS | 2001年 / 71卷 / 02期

关键词：

R&D outlays; irreversibility of investment; uncertainty;

D O I：

10.1016/S0165-1765(01)00372-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using annual data far nine OECD countries covering the period 1981-1992, we find a much sharper adverse effect of uncertainty on R&D investments, which are likely to be highly irreversible, than on non-R&D (and aggregate) investments. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：287 / 291

页数：5

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