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The research and development manager allocates R&D funds to maximize the expected discounted net value of the R&D programme. Because public R&D managers do not have the same market discipline (or rewards) as private R&D managers, public R&D managers require a methodology for maximizing the...
Persistent link: https://www.econbiz.de/10005446467
Although the econometric evaluation of R&D has attracted wide interest in many countries, it has not attracted much in the UK. The main objective of this paper is to fill this void, i.e., to estimate the impact of R&D on productivity growth of the UK manufacturing sector. However, there are some...
Persistent link: https://www.econbiz.de/10009200623
The impact of technological change upon gross investment has been relatively ignored. Building upon the foundations of the analysis of technological diffusion, an empirical model of gross investment is constructed that takes due account of technological change. This model is then tested upon a...
Persistent link: https://www.econbiz.de/10009205311
of innovation systems in developing countries with a special focus on issues of agricultural poverty. Using examples …
Persistent link: https://www.econbiz.de/10009205326
This article proposes three ideal business models to analyze innovation in knowledge-intensive goods and services. The … innovation, e.g. creation of novelty and of economic value. Defining the models this way leads to a discussion of the advantages …
Persistent link: https://www.econbiz.de/10009205335
have the development of the Systems of Innovation Approach as a common objective. This multidisciplinary approach proposes … conceptual problems shedding new light on the evolutionary theory. This convergence between the Systems of Innovation Approach … and evolutionary concepts is organized around a complex conception of the innovation process. In this context, innovation …
Persistent link: https://www.econbiz.de/10009205337
This manuscript reports on the proceedings of an R&D Roundtable that took place at the National Bureau of Economic Research in the summer of 1999. Zvi Griliches envisioned the Roundtable as a chance to discuss the agenda for economic research on R&D over the next 20 years. Daron Acemoglu,...
Persistent link: https://www.econbiz.de/10005141152
heterogeneity among firms, we find: (i) a positive and well-determined effect of innovation on profits that smoothly decreases as …
Persistent link: https://www.econbiz.de/10005141153
This paper examines the impact of financial constraints on innovation for established firms. We make use of a direct …
Persistent link: https://www.econbiz.de/10005141157
An outstanding fact of capitalist change in the last few centuries is the ongoing emergence of new consumption alternatives which accompany income and productivity growth in expanding economies. Far from satiating consumers, exponential economic growth seems to stimulate human desires by...
Persistent link: https://www.econbiz.de/10005141160