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additional R&D expenditures after-tax cost American Economic Review Bernstein and Nadiri billion Capital Capital Inputs company-financed R&D capital cost function depreciation rate discount rate Econometrics effect of publicly electrical equipment 36 estimates external publicly financed federal financed R&D capital financed R&D performed firms Griliches gross output Hessian matrix hypothesis incremental R&D tax intermediate inputs Internal Jorgenson labor and intermediate Labor Physical R&D Lichtenberg low R&D intensive manufacturing industries manufacturing sector marginal benefits marginal cost reduction Martin Feldstein Multifactor Productivity NBER Working Paper Number output perpetual inventory Phys physical capital Physical R&D Interm price deflator price elasticities price of company-financed price of R&D private R&D privately-financed R&D investment Productivity Growth public R&D publicly financed R&D publicly-financed R&D capital R&D capital stocks R&D intensive industries R&D Spending R&D tax credit R&D tax incentives R&D tax policy Rates of Return reported in table Research and Development returns to scale Statistics Technology Terleckyj ZOO.O