| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27863 |
| 来源ID | Working Paper 27863 |
| A Calculation of the Social Returns to Innovation | |
| Benjamin F. Jones; Lawrence H. Summers | |
| 发表日期 | 2020-09-28 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper estimates the social returns to investments in innovation. The disparate spillovers associated with innovation, including imitation, business stealing, and intertemporal spillovers, have made calculations of the social returns difficult. Here we provide an economy-wide calculation that nets out the many spillover margins. We further assess the role of capital investment, diffusion delays, learning-by-doing, productivity mismeasurement, health outcomes, and international spillovers in assessing the average social returns. Overall, our estimates suggest that the social returns are very large. Even under conservative assumptions, innovation efforts produce social benefits that are many multiples of the investment costs. |
| 主题 | Development and Growth ; Innovation and R& ; D ; Growth and Productivity |
| URL | https://www.nber.org/papers/w27863 |
| 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/585537 |
| 推荐引用方式 GB/T 7714 | Benjamin F. Jones,Lawrence H. Summers. A Calculation of the Social Returns to Innovation. 2020. |
| 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 | ||
| w27863.pdf（822KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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