We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines the initial productivity of a new technology....

We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines the initial productivity of a new technology....

This study provides a new, more comprehensive measurement of technological novelty. Integrating insights from the existing economics and management literature, we characterize inventions ex ante along two dimensions of technological novelty: Novelty in Recombination and Novelty in Knowledge...

The indicators presented, (see indicators' description below), refer to inventions filed in one or more jurisdictions (family size 1 or greater) or in two or more jurisdictions (family size 2 or greater). A patent family is defined as the set of all patent applications protecting the same...