R&D, Size and Firm Growth in Taiwan's Electronics Industry
學年 91
學期 2
發表日期 2003-05-17
作品名稱 R&D, Size and Firm Growth in Taiwan's Electronics Industry
作品名稱(其他語言)
著者 Yang, Chih-Hai; Huang, Chia-Hui
作品所屬單位 淡江大學經濟學系
出版者
會議名稱 2003兩岸財經學術研討會=2003 Straits Conference on Economics and Business
會議地點 臺北縣, 臺灣
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.
關鍵字 研究與發展;Research and development (R&D)
語言 en
收錄於
會議性質 兩岸
校內研討會地點
研討會時間 20030517~20030517
通訊作者
國別 TWN
公開徵稿 Y
出版型式 紙本
出處 2003兩岸財經學術研討會論文集=Proceedings of 2003 Straits Conference on Economics and Business,24頁
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