Does permanent income spur innovation?

From 1932 through 1957, purchases of gasoline and motor oil may have related to transitory income, perhaps through impulsive purchases. This relation may have affected innovations to refine oil.

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Year of publication:	2001-05-22
Authors:	Taylor, Leon
Institutions:	EconWPA
Keywords:	permanent income innovation patents oil refining

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Extent:	application/pdf application/postscript application/msword
Series:	Development and Comp Systems.
Type of publication:	Book / Working Paper
Notes:	Type of Document - Microsoft Word 2000; prepared on Compaq Presario 1200; to print on HP; pages: 8; figures: 4 included 8 pages
Classification:	O33 - Technological Change: Choices and Consequences; Diffusion Processes ; N52 - U.S.; Canada: 1913-
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005118743