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The importance of innovation for the economic performance of industrialized countries has been largely stressed … innovation, is the key parameter in determining sustained growth in a model with endogenous technological change. This paper … takles the extremely important task of identifying and estimating a; production function; of innovation for European regions …
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The importance of innovation for the economic performance of industrialized countries has been largely stressed … innovation, is the key parameter in determining sustained growth in a model with endogenous technological change. This paper … takles the extremely important task of identifying and estimating a production function of innovation for European regions …
Persistent link: https://www.econbiz.de/10009781621
The aim of this paper is to estimate the effect of research externalities across space, in generating innovation. We do … would increase the innovation of the region itself by 80-90%. Given the small size and the limited range of diffusion, we …
Persistent link: https://www.econbiz.de/10014113520
Utilizing a novel econometric approach, routed around the identification and estimation of spatial panel VAR model, the paper provides new estimates of the dynamic effects of private and public R&D expenditure on innovative activity within European regions. The positive long run response of...
Persistent link: https://www.econbiz.de/10015081402
This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … almost 20,000 patenting firms from Europe over the period 2003-2012. The main outcome from the proposed GMM-SYS estimations … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …
Persistent link: https://www.econbiz.de/10011288522