G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11660
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
URLhttps://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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