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We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …
Persistent link: https://www.econbiz.de/10014143303
We investigate patterns in common ownership networks between firms that are active in the US pharmaceutical industry for the period 2004-2014. Our main findings are that "brand firms" - i.e. firms that have R&D capabilities and launch new drugs - exhibit relatively dense common ownership...
Persistent link: https://www.econbiz.de/10012384544
&D performers predominantly to acquire complementary technological knowledge (HBA strategy) and to use their home … knowledge exchange between technologically similarly oriented locations. Hence, the increased attraction of foreign R …&D locations is no reason for concern regarding the perceived hollowing-out of the national innovation systems. Indeed, since the …
Persistent link: https://www.econbiz.de/10012510315
This paper analyzes M&A patterns of R&D projects in the antidiabetics industry. For this purpose, we construct a database with all corporate individual antidiabetics R&D projects over the period 1997 - 2017, and add detailed information on firms' technology dimension using patent information,...
Persistent link: https://www.econbiz.de/10014468769
Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
Persistent link: https://www.econbiz.de/10010843286
Persistent link: https://www.econbiz.de/10010843287
As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent...
Persistent link: https://www.econbiz.de/10010537967
decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about … system and innovation. It concludes by finding some consensus in the literature about the problems associated with this …
Persistent link: https://www.econbiz.de/10010537990
As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent...
Persistent link: https://www.econbiz.de/10010537996
knowledge spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … innovative activity with a special emphasis on the role of knowledge spillovers. We investigate two major renewable energy … technologies or sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by …
Persistent link: https://www.econbiz.de/10012040772