Replication data for: On the Cyclicality of Research and Development

Principal Investigator(s):  View help for Principal Investigator(s) Gadi Barlevy

Version:  View help for Version V1

Name File Type Size Last Modified
Figures1and2.xls application/vnd.ms-excel 26 KB 12/07/2019 07:39:AM
LICENSE.txt text/plain 14.6 KB 12/07/2019 07:40:AM
ReadMe.pdf application/pdf 22.8 KB 12/07/2019 07:39:AM
bbg_gy.txt text/plain 303.5 KB 12/07/2019 07:39:AM
bea_gy.txt text/plain 26.2 KB 12/07/2019 07:40:AM
bea_ind.prg text/plain 3.5 KB 12/07/2019 07:40:AM
bea_va.txt text/plain 54.6 KB 12/07/2019 07:39:AM
eqbm_ss_FC.m text/x-fortran 2.6 KB 12/07/2019 07:40:AM
eqbm_ss_FC_eqs.m text/plain 324 bytes 12/07/2019 07:40:AM
eqbm_vk_det.m text/plain 6.9 KB 12/07/2019 07:39:AM

Project Citation: 

Barlevy, Gadi. Replication data for: On the Cyclicality of Research and Development. Nashville, TN: American Economic Association [publisher], 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116283V1

Project Description

Summary:  View help for Summary Economists have recently argued recessions play a useful role in fostering growth. Yet a major source of growth, R&D, is procyclical. This paper argues one reason for procyclical R&D is a dynamic externality inherent in R&D that makes entrepreneurs short-sighted and concentrate their innovation in booms, even when it is optimal to concentrate it in recessions. Additional forces may imply that procyclical R&D is desirable, but equilibrium R&D is likely to be too procyclical, and macroeconomic shocks are likely to have overly persistent effects on output and make growth more costly than in the absence of such shocks.

Scope of Project

Subject Terms:  View help for Subject Terms programming code for numerically solving model; Data from different databases
JEL Classification:  View help for JEL Classification
      E32 Business Fluctuations; Cycles
      L26 Entrepreneurship
      O32 Management of Technological Innovation and R&D
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 1953 – 2003 (One dataset on total US that starts in 1953 and ends in 2003, one dataset starts in 1958 and ends in 2004 is by industry and year)
Universe:  View help for Universe R and D expenditures for industries in the US as reported to NSF or compiled in NBER Productivity database or reported in Compustat
Data Type(s):  View help for Data Type(s) census/enumeration data; program source code

Methodology

Data Source:  View help for Data Source Compustat BEA NBER Productivity database
Unit(s) of Observation:  View help for Unit(s) of Observation Year, Industry by year,

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V1 [2019-12-07]

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