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Cited by 426

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The Role of Knowledge in R&D Efficiency

Nelson, Richard R.·1982·The Quarterly Journal of Economics

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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Metadata

Authors
Nelson, R. R.
Venue
The Quarterly Journal of Economics
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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CoChat. (2026). Citation check: The Role of Knowledge in R&D Efficiency. https://app.cochat.ai/papers/10.2307/1885872
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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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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.