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Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …
Persistent link: https://www.econbiz.de/10012453175
Major European countries, unlike the United States, did not experience an acceleration in labour productivity growth in the second half of the 1990s. In this article, Gilbert Cette from the Bank of France and the University of Aix-Marseilles II, Jacques Mairesse of INSEE-CREST, and Yusef Kocoglu...
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We model a key step in the innovation process, hypothesis generation, as the making of predictions over a vast …, they use artificial intelligence (AI) instead. We model innovation as resulting from sequential search over a combinatorial … innovation outcomes of interest - the probability of innovation, expected search duration, and expected profit. We describe …
Persistent link: https://www.econbiz.de/10014337792
This paper studies the links between productivity, innovation and research at th level. We introduce three new features …: (i) A structural model that explains pro by innovation output, and innovation output by research investment; (ii) New dat … the available data: only a small proportion of firms engage in resea apply for patents; productivity, innovation and …
Persistent link: https://www.econbiz.de/10012472117
that the total current period (static) welfare gains of introducing a process or a product innovation are, on average …
Persistent link: https://www.econbiz.de/10012462434
After presenting the history, the evolution and the content of innovation surveys, we discuss the characteristics of … have been made of these data: the construction of scoreboards for monitoring innovation and the scholarly analysis of … various issue related to innovation. In particular we review the questions examined and the results obtained regarding the …
Persistent link: https://www.econbiz.de/10012462793
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity, especially …
Persistent link: https://www.econbiz.de/10012464055