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Do Innovation Subsidies Make Chinese Firms More Innovative? Evidence from the China Employer Employee Survey
Cheng, Hong - 2019
The Chinese government has been using various subsidies to encourage innovations by Chinese firms. This paper examines the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES). We find that the innovation subsidies are preferentially...
Persistent link: https://www.econbiz.de/10012479388
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Growth Through Heterogeneous Innovations
Akcigit, Ufuk - 2010
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10012462146
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Innovators : Songwriters
Galenson, David - 2009
Irving Berlin and Cole Porter were two of the great experimental songwriters of the Golden Era. They aimed to create songs that were clear and universal. Their ability to do this improved throughout much of their careers, as their skill in using language to create simple and poignant images...
Persistent link: https://www.econbiz.de/10012463138
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Private Equity and the Innovation Strategies of Entrepreneurial Firms : Empirical Evidence from the Small Business Innovation Research Program
Link, Albert N. - 2012
There is great interest in evaluating the impact of private equity investments on innovation and economic growth. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of entrepreneurial firms. We fill this gap by examining a rich...
Persistent link: https://www.econbiz.de/10012460364
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Innovation Policy in a Networked World
Sorenson, Olav - 2017
Social relationships channel information, influence, and access to scarce resources. As a consequence, social networks - the patterns of these relationships across the members of a community - influence who comes up with important innovations, whether and how rapidly those innovations get...
Persistent link: https://www.econbiz.de/10012455250
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Innovation-Driven Entrepreneurship
Botelho, Tristan L.; Fehder, Daniel; Hochberg, Yael V. - National Bureau of Economic Research - 2021
Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship … research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity …-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …
Persistent link: https://www.econbiz.de/10012599280
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The Effects of Entry on Incumbent Innovation and Productivity
Aghion, Philippe - 2006
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that there is heterogeneity across industries--incumbents in technologically advanced industries react positively to foreign firm entry, but not in laggard industries. To explain this...
Persistent link: https://www.econbiz.de/10012466642
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Education for Innovation : Entrepreneurial Breakthroughs vs. Corporate Incremental Improvements
Baumol, William J. - 2004
This paper explores the following hypotheses on the appropriate education for innovating entrepreneurship: a …
Persistent link: https://www.econbiz.de/10012468115
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Winner Takes All? Tech Clusters, Population Centers, and the Spatial Transformation of U.S. Invention
Chattergoon, Brad; Kerr, William R. - National Bureau of Economic Research - 2021
U.S. invention has become increasingly concentrated around major tech centers since the 1970s, with implications for how much cities across the country share in concomitant local benefits. Is invention becoming a winner-takes-all race? We explore the rising spatial concentration of patents and...
Persistent link: https://www.econbiz.de/10012696365
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The Incubator Hypothesis : Evidence from Five Cities
Leone, Robert A. - 1974
The purpose of this paper is to review the past evidence and to offer some new data to assess whether the incubator hypothesis can be empirically supported. In particular the two general aspects of the hypothesis will be tested. First, we will examine the proposition that highly centralized...
Persistent link: https://www.econbiz.de/10012479081