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Words in Patents : Research Inputs and the Value of Innovativeness in Invention
Packalen, Mikko - 2014
Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress....
Persistent link: https://www.econbiz.de/10013065176
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Innovation, Diffusion, and Trade
Eaton, Jonathan - 2012
We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012755480
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Stagnation and Scientific Incentives
Bhattacharya, Jay - 2020
New ideas no longer fuel economic growth the way they once did. A popular explanation for stagnation is that good ideas are harder to find, rendering slowdown inevitable. We present a simple model of the lifecycle of scientific ideas that points to changes in scientist incentives as the cause of...
Persistent link: https://www.econbiz.de/10012841421
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European Technology Policy
Eaton, Jonathan; Gutierrez, Eva; Kortum, Samuel S. - 2021
European countries do less research than Japan and the United States. We use a quantitative multi-country growth model to ask: (i) Why is this so? (ii) Would there be any benefit to expanding research in Europe? (iii) What would various European research promotion policies do? We find that (i)...
Persistent link: https://www.econbiz.de/10013245102
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The Other Ex-Ante Moral Hazard in Health
Bhattacharya, Jay - 2008
an induced innovation externality. This alternative mechanism, by contrast, causes people to devote an inefficiently high … level of self-protection. As an empirical example of this externality, we analyze the innovation induced by the obesity … epidemic. Obesity is associated with an increase in the incidence of many diseases. The induced innovation hypothesis is that …
Persistent link: https://www.econbiz.de/10012772375
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Parallel Imports and Price Controls
Grossman, Gene M. - 2006
pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …
Persistent link: https://www.econbiz.de/10012779605
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Endogenous Innovation in the Theory of Growth
Grossman, Gene M. - 2010
This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...
Persistent link: https://www.econbiz.de/10012763516
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Endogenous Product Cycles
Grossman, Gene M.; Helpman, Elhanan - 2021
We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
Persistent link: https://www.econbiz.de/10013223071
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Quality Ladders and Product Cycles
Grossman, Gene M.; Helpman, Elhanan - 2021
We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …
Persistent link: https://www.econbiz.de/10013235883
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Engines of Growth : Domestic and Foreign Sources of Innovation
Eaton, Jonathan; Kortum, Samuel S. - 2021
present a multicountry model of technological innovation and diffusion which has the implication that, for a wide range of …
Persistent link: https://www.econbiz.de/10013237260