Empirical Patterns of Firm Growth and R&D Investment: a Quality Ladder Model Interpretation.

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the discrete choice models of product differentiation.

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Year of publication:	1998
Authors:	Klette, T.J. ; Griliches, Z.
Publisher:	Oslo : University of Oslo, Department of Economics
Subject:	economic growth \| research and development \| innovations

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Series:	Memorandum ; 23/1998
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	865447853 [GVK] hdl:10419/90795 [Handle] RePEc:hhs:osloec:1998_023 [RePEc]
Classification:	O41 - One, Two, and Multisector Growth Models ; O31 - Innovation and Invention: Processes and Incentives ; O32 - Management of Technological Innovation and R&D
Source:	EconStor

Persistent link: https://www.econbiz.de/10010330288