Support for the wrong letter // Economists have discovered the inherent complexity of R&D processes
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Usually, in research on innovation processes, researchers operate on the total costs of development and research (R&D) companies, but the impact of external shocks on each component of R&D can be different. The work of US business school economists on the long-term impact of the 2008 crisis on the sector in the US shows that in the current picture of R&D spending, the effects of previous crises are complexly reflected three to five years later, with spending on D (development in the acronym R&D) can grow, making the picture of innovation spending deceptively good – or, conversely, disastrous.
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