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dc.contributor.authorRocha, Leonardo Andradept_BR
dc.contributor.authorCárdenas, Leonardo Queridopt_BR
dc.contributor.authorOliveira, Fernando Sarmento dept_BR
dc.contributor.authorLopes, Fernando Diaspt_BR
dc.contributor.authorFernandes, Kaio Césarpt_BR
dc.date.accessioned2018-07-31T02:33:41Zpt_BR
dc.date.issued2018pt_BR
dc.identifier.issn1545-2921pt_BR
dc.identifier.urihttp://hdl.handle.net/10183/180842pt_BR
dc.description.abstractThis study analyzes the impact of R&D in the performance of companies from different degrees of proximity to the technological frontier. In this way, a model of endogenous growth was built, where firms operating closer to this frontier use the research resources to move it, enjoying a higher return. To test this hypothesis, we used a sample of companies with major investments in R&D in the world, according the ‘EU Industrial R&D Investment Scoreboard'. Then, an indicator that measures the degree of proximity to the frontier for each sector was built. Through the technique of regression with panel data, it was estimated an equation where the performance metrics of the company is conditioned by investments in R&D and the investment interacted with the proximity index to the frontiers. Thus, the impact of investments in performance is represented by two important vectors of influence: (1) the average effect of investments on performance, represented as a direction of the sector in demand for investment; (2) the effectefficiency that determines the company's strategy as its position in relation to the established frontier. The results show that, as the firms get closer the technological frontier, the greater is the return of investment in R&D on performance. These results indicate that the advancement of economies towards the frontier or the best technological practices depends on policies that incorporate the influence of the 'development stage' in the outcome of this policy.en
dc.format.mimetypeapplication/pdfpt_BR
dc.language.isoengpt_BR
dc.relation.ispartofEconomics bulletin. Nashville. Vol. 38, n. 2 (2018), p. 1156-1170pt_BR
dc.rightsOpen Accessen
dc.subjectPesquisa e desenvolvimentopt_BR
dc.subjectDesempenho empresarialpt_BR
dc.subjectTecnologiapt_BR
dc.titleThe impact of R&D investments on performance of firms in different degrees of proximity to the technological frontierpt_BR
dc.typeArtigo de periódicopt_BR
dc.identifier.nrb001072974pt_BR
dc.type.originEstrangeiropt_BR


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