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We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more...
Persistent link: https://www.econbiz.de/10005497933
Support for many R&D and technology policies relies on empirical evidence that R&D ‘spills over’ between firms. But there are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business stealing by product market rivals. We develop a...
Persistent link: https://www.econbiz.de/10005662082
British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … attention to patent quality, financing those ventures faster which later turn out to have high-quality patents. Patent …This paper investigates how patent applications and grants held by new ventures improve their ability to attract …
Persistent link: https://www.econbiz.de/10005662179
panels of UK and US firms matched to patent data we show that UK firms who had established a high proportion of US …
Persistent link: https://www.econbiz.de/10005661780
The outcome of technological competition between firms (or countries) depends on the resolution of two forces: the profit incentive and the competitive threat. This is illustrated using a simple duopoly model. This model is then used to analyze two policy issues: subsidizing R & D and...
Persistent link: https://www.econbiz.de/10005662122
How can we explain the success of cooperative networks of firms that share innovations, such as Silicon Valley or the Open Source community? This Paper shows that if innovations are cumulative, making an invention publicly available to a network of firms may be valuable if the firm expects to...
Persistent link: https://www.econbiz.de/10005666989
Successful innovation depends on the development and integration of new knowledge in the innovation process. In order … to innovate successfully, the firm will combine different innovation activities. In addition to doing own research and … innovation activities. Using data from the Community Innovation Survey on Belgian manufacturing firms, we show that firms that …
Persistent link: https://www.econbiz.de/10005667033
outsourcing, profits and innovation using plant level data. We find a positive effect of international outsourcing of services on … activities towards innovation. We also find that international services outsourcing has a positive effect on profitability, as …
Persistent link: https://www.econbiz.de/10004964421
firm's incentives for R&D. These changes influence the probability of innovation through two effects: changes in total R … shift from the rival firm to the dominant firm is a good thing as it decreases the likelihood of duplicate innovation (we … rights are strong. That is, firm dominance is good for innovation when (but only when) property rights are strong. We also …
Persistent link: https://www.econbiz.de/10005789049
potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We … discuss the effects of standard setting activities by large, often public, procurers on innovation races. We evaluate how …
Persistent link: https://www.econbiz.de/10005791875