| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16221 |
| 来源ID | Working Paper 16221 |
| Innovation and Welfare: Results from Joint Estimation of Production and Demand Functions | |
| Jordi Jaumandreu; Jacques Mairesse | |
| 发表日期 | 2010-07-22 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | This paper develops a simple framework to estimate the parameters of the production function together with the elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first place, to treat successfully the difficult problem of the endogeneity of input quantities. But it also provides a natural way to assess the welfare effects of firms' innovative actions by estimating their impact on both cost and demand. We show that the total current period (static) welfare gains of introducing a process or a product innovation are, on average, about 1.6% and 4%, respectively, of the value of the firm's current sales. The increase in consumer surplus amounts to two- thirds of these gains in the first case and half in the second. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w16221 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573896 |
| 推荐引用方式 GB/T 7714 | Jordi Jaumandreu,Jacques Mairesse. Innovation and Welfare: Results from Joint Estimation of Production and Demand Functions. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16221.pdf（374KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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