Data and Code for: Advertising, Innovation and Economic Growth
收藏ICPSR2021-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/118761/version/V1/view?path=/openicpsr/118761/fcr:versions/V1/BDS_data.xlsx&type=file
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资源简介：
This paper analyzes the implications of advertising for firm dynamics and economic growth through its interaction with R&D. We develop a model of endogenous growth with firm heterogeneity that incorporates advertising decisions and calibrate it to match several empirical regularities across firm size. Our model provides microfoundations for the empirically observed negative relationship between both firm R&D intensity and growth, and firm size. In the calibrated model, about half of the deviation from proportional firm growth is attributed to our novel advertising channel. In addition, R&D and advertising are substitutes, a prediction for which we find evidence in the data.
提供机构：
Bank of Spain; University of Toronto
创建时间：
2021-01-01
