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https://hdl.handle.net/10316/11759
Title: | Firm Growth and Persistence of Chance: Evidence from Portuguese Microdata | Authors: | Oliveira, Blandina Fortunato, Adelino |
Keywords: | Firm growt; R&D; GMM system estimator | Issue Date: | 2005 | Publisher: | FEUC. Grupo de Estudos Monetários e Financeiros | Citation: | Estudos do GEMF. 10 (2005) | Abstract: | Considering a dynamic firm growth model with serial correlation this work studies the effects of R&D activities and investment, both physical and R&D, on the growth of firms. The main hypotheses maintain that firms with a strong commitment to R&D have higher rate of growth and investment has a positive effect on firm growth. We investigate such relations with reference to an unbalanced panel data set of Portuguese manufacturing firms over the period 1990 to 2001. We find that a systematic tendency for smaller firms to grow more quickly is the main reason why firm growth is not entirely stochastic. | URI: | https://hdl.handle.net/10316/11759 | Rights: | openAccess |
Appears in Collections: | FEUC- Vários |
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Firm Growth and Persistence of Chance.pdf | 284.26 kB | Adobe PDF | View/Open |
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