Empirical patterns of firm growth and R&D investment: A quality ladder model interpretation

被引：104

作者：

Klette, TJ ^{[1
]}

Griliches, Z

机构：

[1] Univ Oslo, N-0316 Oslo, Norway

[2] Harvard Univ, Cambridge, MA 02138 USA

[3] NBER, Cambridge, MA 02138 USA

来源：

ECONOMIC JOURNAL | 2000年 / 110卷 / 463期

关键词：

D O I：

10.1111/1468-0297.00529

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We present a partial equilibrium model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth, drawing on the quality ladder models in the macro growth literature, and the literature on patent races and the discrete choice models of product differentiation. The model fits a number of empirical patterns well, including: (i) a skewed size distribution of firms with persistent differences in firm sizes, (ii) firm growth independent of firm size, as stared in the so-called Gibrat's law, and (iii) R&D investment proportional to sales.

引用

页码：363 / 387

页数：25

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