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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18166| Title: | R&D and price elasticity of demand |
| Keywords: | D40 F14 F12 ddc:330 R&D intensity price elasticity exports Produkt Forschung Faktorintensität Preiselastizität Nachfrage Export Schätzung Theorie G7-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | This note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We introduce the concept of R&D intensity into a standard Dixit-Stiglitz/Krugman-type setting. R&D activity is treated as a fixed cost of production. Within this framework, sectors with a higher R&D intensity show a lower price elasticity of demand. This proposition is confirmed by an empirical investigation of export demand for manufactured goods from major industrialised countries. Consequently, real exchange rate changes have an impact on the commodity structure of exports. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18166 |
| Other Identifiers: | http://hdl.handle.net/10419/18166 ppn:390620351 |
| Appears in Collections: | EconStor |
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