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Carlino, Gerald A. - 2014

This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …

Persistent link: https://www.econbiz.de/10013049373

Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

Persistent link: https://www.econbiz.de/10013029033

Race Meets Bargaining in Product Development

Karagözoğlu, Emin - 2020

We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...

Persistent link: https://www.econbiz.de/10012841137

An Exploration of Local R&D Spillovers in France

Mairesse, Jacques - 2010

This paper is an attempt to assess the existence and magnitude of local research spillovers in France. We rely on the model of an extended production function (Cobb-Douglas and Translog) with both local and neighborhood Ramp;D capital stocks. We estimate this model on 312 employment areas as of...

Persistent link: https://www.econbiz.de/10012758031

International R&D Spillovers and Institutions

Coe, David T. - 2010

The empirical analysis in quot;International Ramp;D Spilloversquot; (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results...

Persistent link: https://www.econbiz.de/10012759295

Science and Industry : Tracing the Flow of Basic Research Through Manufacturing and Trade

Adams, James D. - 2010

This paper describes flows of basic research through the U.S. economy and explores their implications for scientific output at the industry and field level. The time period is the late 20th century. This paper differs from others in its use of measures of science rather than technology. Together...

Persistent link: https://www.econbiz.de/10012760710

International R&D Spillovers : A Re-Examination

Lichtenberg, Frank R.; van Pottelsberghe de la … - 2021

Coe and Helpman(1995) have measured the extent to which technology spills over between industrialized countries through the particular channel of trade flows. This paper re-examines two particular features of their study. First, we suggest that their functional form of how foreign R&D affects...

Persistent link: https://www.econbiz.de/10013221859

International R&D Spillovers

Coe, David T.; Helpman, Elhanan - 2021

Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of economic growth have emphasized this link and have also identified a number of channels through which a country's R&D affects total factor productivity of its trade partners....

Persistent link: https://www.econbiz.de/10013246064

Research and Development as an Investment

Hall, Bronwyn H.; Hayashi, Fumio - 2021

About 20 percent of the gross investment expenditures of U.S. manufacturing firms is expenditures on research and development. Like investment in physical capital, R&D also responds to news about future prospects of the firm, such as profitability, technological opportunities, or changes in...

Persistent link: https://www.econbiz.de/10013247005

Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research

Furman, Jeffrey L. - 2014

While there is widespread agreement among economists and management scholars that knowledge spillovers exist and have important economic consequences, researchers know substantially less about the quot;micro mechanismsquot; of spillovers -- about the degree to which they are geographically...

Persistent link: https://www.econbiz.de/10012752114