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such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
This paper investigates the main postulations of the Ramp;D based growth models that innovation is created in the Ramp …;D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of Ramp … for the period 1981-97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and …
Persistent link: https://www.econbiz.de/10012783098
How do firms and inventors move through knowledge space as they develop their innovations? We propose a method for tracking patterns of exploration and exploitation in patenting behaviour in the US for the period since 1920. Our exploration measure is constructed from the text of patents and...
Persistent link: https://www.econbiz.de/10013215975
The purpose of this paper is to examine how the Solow residual relates to innovation at the firm level. We estimate two … kinds of relationships. The first relationship explains innovation output from innovation inputs. The second relationship … relates TFP growth to innovation output. We obtain two main results. First, the determinants of incremental and radical …
Persistent link: https://www.econbiz.de/10014141351
This paper studies the global synchronicity of technology and its impact on the economy. We employ dynamic factor analysis to decompose patent data in different digital technologies for various countries into global and country-specific factors. Our findings confirm the existence of global and...
Persistent link: https://www.econbiz.de/10014279279
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R … the period 1981-97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non …
Persistent link: https://www.econbiz.de/10014067262
Patent data provide a rich set of information which can be used for comparative studies and trend analysis. The paper presents a systematic overview of the most appropriate tools methodologies that are available for determining the technological specialization of countries. Such analysis...
Persistent link: https://www.econbiz.de/10013083545
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10009739171
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596