Theoretical and empirical analysis of the optimal R&D investment management

Watanabe C, Zhu B, & Tou Y (2003). Theoretical and empirical analysis of the optimal R&D investment management. The Journal of Science Policy and Research Management 16 (1): 83-101.

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Abstract

R&D investment decision making has become a crucial issue in an era of mega-competition. This work aims to construct a concept of a virtuous cycle trajectory between R&D investment, technology stock and economic growth on the basis of Pontryagin's theory of optimal processes, a practical model for identifying an optimal R&D investment level was developed. A theoretical analysis was also conducted and empirical analyses focussing on Japan's manufacturing industry over the two decades were attempted to demonstrate a useful tool for R&D investment decision making.

Item Type: Article
Research Programs: General Research (GEN)
Bibliographic Reference: The Journal of Science Policy and Research Management; 16(1/2):83-101 [2003]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:15
Last Modified: 31 Aug 2016 14:06
URI: http://pure.iiasa.ac.at/6833

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