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来源类型Working Paper
规范类型报告
DOI10.3386/w8819
来源IDWorking Paper 8819
Innovating Firms and Aggregate Innovation
Tor Jakob Klette; Samuel Kortum
发表日期2002-02-28
出版年2002
语种英语
摘要We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological change. While unifying the theoretical analysis of firms, industries, and the aggregate economy, the model yields insights into empirical work on innovating firms. It accounts for the persistence over time of firms' R&D investment, the concentration of R&D among incumbent firms, and the link between R&D and patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely unrelated to firm size or growth.
主题Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w8819
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/566426
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GB/T 7714
Tor Jakob Klette,Samuel Kortum. Innovating Firms and Aggregate Innovation. 2002.
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