Autori
Link, Albert N.Swann, Christopher A.Titolo
R&D as an investment in knowledge based capitalPeriodico
Economia e politica industrialeAnno:
2016 - Volume:
43 - Fascicolo:
1 - Pagina iniziale:
11 - Pagina finale:
24It is well documented that knowledge based capital (KBC) is a driver of economic growth and development and that knowledge acquired through scientific research and development (R&D) is one important component of KBC. In this paper we examine the importance of R&D to a firm for exploring new business opportunities using information from the AEGIS database. We find that, among other things, human capital measured in terms of the educational background of the firm's founders is a positive and statistically significant covariate with the importance of R&D. We conclude the paper with public policy recommendations for enhancing the educational component of the human capital resource base of firms.
SICI: 0391-2078(2016)43:1<11:RAAIIK>2.0.ZU;2-O
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