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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2011
outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any …
Persistent link: https://www.econbiz.de/10012757081
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The Changing Structure of American Innovation : Some Cautionary Remarks for Economic Growth
Arora, Ashish - 2019
major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a …
Persistent link: https://www.econbiz.de/10012869221
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Catch-Up and Fall-Back Through Innovation and Imitation
Benhabib, Jess - 2012
frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …
Persistent link: https://www.econbiz.de/10013106293
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Technological Innovation, Resource Allocation, and Growth
Kogan, Leonid - 2014
We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … our measure suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic …
Persistent link: https://www.econbiz.de/10013066798
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The Rate and Direction of Invention in the British Industrial Revolution : Incentives and Institutions
Meisenzahl, Ralf - 2014
During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But …
Persistent link: https://www.econbiz.de/10013068131
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Institutions and Technological Innovation During the Early Economic Growth : Evidence from the Great Inventors of the United States, 1790-1930
Khan, B. Zorina; Sokoloff, Kenneth L. - 2021
Employing a sample of renowned U.S. inventors that combines biographical detail with information on the patents they received over their careers, we highlight the impact of early U.S. patent institutions in providing broad access to economic opportunity and in encouraging trade in new...
Persistent link: https://www.econbiz.de/10013222992
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The Economics of Inefficient Technology Use
Beaudry, Paul - 2012
The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...
Persistent link: https://www.econbiz.de/10012755309
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Ideas and Growth
Lucas, Robert E. - 2010
What is it about modern capitalist economies that allows them, in contrast to all earlier societies, to generate sustained growth in productivity and living standards? It is widely agreed that the productivity growth of the industrialized economies is mainly an ongoing intellectual achievement,...
Persistent link: https://www.econbiz.de/10012759108
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Democracy, Technology, and Growth
Aghion, Philippe - 2010
We explore the question of how political institutions and particularly democracy affect economic growth. Although empirical evidence of a positive effect of democracy on economic performance in the aggregate is weak, we provide evidence that democracy influences productivity growth in different...
Persistent link: https://www.econbiz.de/10012760042
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Creative Destruction in Industries
Jovanovic, Boyan - 2010
Most industries go through a quot;shakeoutquot; phase during which the number of producers in the industry declines. Industry output generally continues to rise, however, which implies a reallocation of capacity from exiting firms to incumbents and new entrants. Thus shakeouts seem to be classic...
Persistent link: https://www.econbiz.de/10012760646