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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11660 |
DP11660 Growth through Heterogeneous Innovations | |
Ufuk Akcigit; William Kerr | |
发表日期 | 2016-11-24 |
出版年 | 2016 |
语种 | 英语 |
摘要 | We build a tractable growth model where multi-product incumbents invest in internal innovations to improve their existing products, while new entrants and incumbents invest in external innovations to acquire new product lines. External and internal innovations generate heterogeneous innovation qualities, and firm size affects innovation incentives. This framework allows us to analyze how different types of innovation contribute to economic growth and how the firm size distribution can have important consequences for the types of innovations realized. Our model aligns with many observed empirical regularities, and we quantify our framework by matching Census Bureau operating data with patent data for U.S. firms. We observe that internal innovation scales moderately faster with firm size than external innovation. |
主题 | Macroeconomics and Growth |
关键词 | Endogenous growth Innovation External Internal Research and development Patents Citations Scientists Entrepreneurs |
URL | https://cepr.org/publications/dp11660 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540474 |
推荐引用方式 GB/T 7714 | Ufuk Akcigit,William Kerr. DP11660 Growth through Heterogeneous Innovations. 2016. |
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