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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

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

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

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

Private and Social Returns to R&D : Drug Development and Demographics

Benmelech, Efraim; Eberly, Janice; Krieger, Joshua; … - 2022

Investment in intangible capital—in particular, research and development—increased dramatically since the 1990s. However, productivity growth remains sluggish in recent years. One potential reason is that a significant share of the increase in intangible investment is geared toward consumer...

Persistent link: https://www.econbiz.de/10014264816

Technological Innovation, Resource Allocation, and Growth

Kogan, Leonid - 2014

We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … our measure suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic …

Persistent link: https://www.econbiz.de/10013066798

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

Measuring Technological Innovation Over the Long Run

Kelly, Bryan T. - 2018

innovation. We identify significant patents based on textual similarity of a given patent to previous and subsequent work: these … aggregate, sectoral, and firm level. Our technology indices span two centuries (1840-2010) and cover innovation by private and …

Persistent link: https://www.econbiz.de/10012907760

Missing Novelty in Drug Development

Krieger, Joshua - 2018

This paper provides evidence that risk aversion leads pharmaceutical firms to underinvest in radical innovation. We …

Persistent link: https://www.econbiz.de/10012919316

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