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    题名: R&D, Size and Firm Growth in Taiwan's Electronics Industry
    作者: Yang, Chih-Hai;Huang, Chia-Hui
    贡献者: 淡江大學經濟學系
    关键词: 研究與發展;Research and development (R&D)
    日期: 2003-05
    上传时间: 2014-02-12 18:05:22 (UTC+8)
    摘要: This paper documents the relationship between R&D, firm size, and growth rate for a panel data of Taiwanese electronics firms. Using GMM method to control for endogeneity of R&D that is inspired by microeconomic theories of R&D-based endogenous growth models, the main finding is that an increase in R&D induces a higher growth rate and the estimate of the R&D effect might induce an upward bias when treating R&D as an exogenous variable. Testing Gibrat’s law shows that small firms indeed have a higher growth rate than their larger counterparts, while Gibrat’s law does hold for the group of large-scaled firms, supporting the weak form of Gibrat’s law.
    關聯: 2003兩岸財經學術研討會論文集=Proceedings of 2003 Straits Conference on Economics and Business,24頁
    显示于类别:[經濟學系暨研究所] 會議論文

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