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The Role of Knowledge in R&D Efficiency
Abstract
Past research has recognized that both demand and capability influence the allocation of R&D resources. Scholars have had an easier time getting a grip on demand than on capability. While it has been recognized that knowledge is an important part of capability, to date, formalization of knowledge and its role in R&D activity has been unsatisfactory. This paper models the role of knowledge in R&D. Various sources of such knowledge are considered. The model throws a different light on analyses that employ a “knowledge capital stock,” and also illuminates the dual private and public nature of technological knowledge.
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Citations
Cited by
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Jensen, R., & Thursby, M. (2001) · American Economic Review · doi:10.1257/aer.91.1.240 · Cited by 1,159
Organizational Market Information Processes: Cultural Antecedents and New Product Outcomes
Moorman, C. (1995) · Journal of Marketing Research · doi:10.1177/002224379503200307 · Cited by 1,020
Fifty Years of Empirical Studies of Innovative Activity and Performance
Cohen, W. M. (2010) · Handbook of the Economics of Innovation · doi:10.1016/s0169-7218(10)01004-x · Cited by 962
Research, Patenting, and Technological Change
Kortum, S. S. (1997) · Econometrica · doi:10.2307/2171741 · Cited by 916
Metadata
- Authors
- Nelson, R. R.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1982-08
- Volume
- 97
- Issue
- 3
- Pages
- 453
- ISSN
- 0033-5533 (ISSN-L)
- OpenAlex
- W2022006437
- Cited by
- 426
- References
- 0
- FWCI
- 14.94
- Type
- journal article
- Language
- en
- Open access
- closed
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- Nelson, R. R. (1982). The Role of Knowledge in R&D Efficiency. The Quarterly Journal of Economics. https://doi.org/10.2307/1885872
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.