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| Author: | Irwin, D. Klenow, P. |
| Title: | High-tech R&D subsidies: estimating the effects of Sematech |
| Journal: | Journal of International Economics
1996 : MAY, VOL. 40:3/4, p. 323-344 |
| Index terms: | ECONOMICS INTERNATIONAL R&D |
| Language: | eng |
| Abstract: | Sparked by concerns about their shrinking market share, 14 leading U.S. semiconductor producers, with the financial assistance of the U.S. government in the form of $100 million in annual subsidies, formed a joint R&D consortium - Sematech - in 1987. Using Compustat data on all U.S. semiconductor firms, the authors estimate the effects of Sematech on members' R&D spending, profitability, investment, and productivity. In so doing they examine two hypotheses. |
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