Optimal timing of R&D for effective utilization of potential resources in innovation

Watanabe, C. & Tokumasu, S. (2003). Optimal timing of R&D for effective utilization of potential resources in innovation. Journal of Advances in Management Research 1 (1) 11-27. 10.1108/97279810380000355.

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Contrary to its highest R&D intensity, Japan has dramatically decreased its productivity in the 1990s. This can be attributed to a low marginal productivity of technology. Such a productivity decrease compels a delay in R&D, which results in reduced R&D productivity leading to a vicious cycle between R&D and its return. In this context optimal timing of R&D is crucial, particularly during economic stagnation and consequent difficulties in financing R&D. This paper analyzes the rationale for optimal timing of R&D and its interacting relationship with marginal productivity of technology. Empirical analyses are attempted focusing on Japan’s leading high‐technology firms and their innovative products.

Item Type: Article
Uncontrolled Keywords: Optimal timing of R&D, Potential resources in innovation, Global competition, Marginal productivity of technology
Research Programs: General Research (GEN)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:15
Last Modified: 31 Aug 2016 14:18
URI: http://pure.iiasa.ac.at/6850

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