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Drini Morina, Henning Lucas and Stefanie Heiden
 
''Non-linearities in the R&D-firm growth relationship: Evidence from a semiparametric location-scale regression approach''
( 2023, Vol. 43 No.2 )
 
 
Based on a generalized additive model for location and scale, this paper shows that there is no positive association between R&D and average firm growth rates in the short run, unless R&D efforts are extremely high. The growth rate variance, however, increases with smaller values of R&D intensity and the magnitude is more extreme.
 
 
Keywords: R&D, firm growth, generalized additive location-scale model, GAM
JEL: O3 - Technological Change; Research and Development: General
 
Manuscript Received : Oct 13 2022 Manuscript Accepted : Jun 30 2023

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