Growth Through Heterogeneous Innovations
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Growth Through Heterogeneous Innovations
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Author : Ufuk Akcigit
language : en
Publisher:
Release Date : 2015
Growth Through Heterogeneous Innovations written by Ufuk Akcigit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
We study how external versus internal innovations promote economic growth through a tractable endogenous growth framework with multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in external R&D to acquire new product lines and in internal R&D to improve their existing product lines. A baseline model derives the theoretical implications of weaker scaling for external R&D versus internal R&D, and the resulting predictions align with observed empirical regularities for innovative firms. Quantifying a generalized model for the recent U.S. economy using matched Census Bureau and patent data, we observe a modest departure for external R&D from perfect scaling frameworks.
Growth Though Heterogeneous Innovations
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Author : Ufuk Akcigit
language : en
Publisher:
Release Date : 2010
Growth Though Heterogeneous Innovations written by Ufuk Akcigit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Heterogeneous Innovations Firm Creation And Destruction And Asset Prices
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Author : Jan Bena
language : en
Publisher:
Release Date : 2015
Heterogeneous Innovations Firm Creation And Destruction And Asset Prices written by Jan Bena and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
We study the implications of the creative destruction lifecycle of innovation for asset prices. We develop a general equilibrium model of endogenous firm creation and destruction where 'incremental' innovations by incumbents and 'radical' innovations by entrants drive productivity improvements. Micro-founded incentives of firms to innovate lead to the joint equilibrium determination of time-varying economic growth and countercyclical economic uncertainty. The model quantitatively matches key properties of consumption and asset prices, as well as novel stylized facts on the process of creative destruction in the U.S. economy obtained using a comprehensive sample of patents over the 1975-2013 period. We show that the interplay between incumbents' and entrants' innovations, which is at the core of creative destruction, is an important determinant of risks that are priced in financial markets.
Driving Growth Through Innovation
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Author : Robert B. Tucker
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2002
Driving Growth Through Innovation written by Robert B. Tucker and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Business managers know that cost-cutting measures cannot create long-term growth--greater revenues require sustained innovation. In this book, Tucker provides a practical step-by-step method any business can use to identify opportunities and encourage innovations that capitalize on them.
The Dynamic Approach To Heterogeneous Innovations
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Author : Anton Bondarev
language : en
Publisher:
Release Date : 2011
The Dynamic Approach To Heterogeneous Innovations written by Anton Bondarev and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Macroeconomic Modelling Of R D And Innovation Policies
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Author : Ufuk Akcigit
language : en
Publisher: Palgrave Macmillan
Release Date : 2021-12-03
Macroeconomic Modelling Of R D And Innovation Policies written by Ufuk Akcigit and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-03 with Business & Economics categories.
This open access book encompasses a collection of in-depth analyses showcasing the challenges and ways forward for macroeconomic modelling of R&D and innovation policies. Based upon the proceedings of the EC-DG JRC-IEA workshop held in Brussels in 2017, it presents cutting-edge contributions from a number of leading economists in the field. It provides a comprehensive overview of the current academic and policy challenges surrounding R&D as well as of the state-of-the-art modelling techniques. The book brings to the forefront outstanding issues related to the assessment of the macroeconomic impact of R&D policies and its modelling. It speaks to the rising importance of R&D and innovation policy, and the proliferation of macroeconomic models featuring endogenous technological change. The contents of this book will be of interest to both academic and policy audiences working in the fields of R&D and innovation.
Innovation In Real Places
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Author : Dan Breznitz
language : en
Publisher: Oxford University Press
Release Date : 2021-03-09
Innovation In Real Places written by Dan Breznitz and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-09 with Business & Economics categories.
Winner of Balsillie Prize for Public Policy Winner of Donner Prize A challenge to prevailing ideas about innovation and a guide to identifying the best growth strategy for your community. Across the world, cities and regions have wasted trillions of dollars on blindly copying the Silicon Valley model of growth creation. Since the early years of the information age, we've been told that economic growth derives from harnessing technological innovation. To do this, places must create good education systems, partner with local research universities, and attract innovative hi-tech firms. We have lived with this system for decades, and the result is clear: a small number of regions and cities at the top of the high-tech industry but many more fighting a losing battle to retain economic dynamism. But are there other models that don't rely on a flourishing high-tech industry? In Innovation in Real Places, Dan Breznitz argues that there are. The purveyors of the dominant ideas on innovation have a feeble understanding of the big picture on global production and innovation. They conflate innovation with invention and suffer from techno-fetishism. In their devotion to start-ups, they refuse to admit that the real obstacle to growth for most cities is the overwhelming power of the real hubs, which siphon up vast amounts of talent and money. Communities waste time, money, and energy pursuing this road to nowhere. Breznitz proposes that communities instead focus on where they fit in the four stages in the global production process. Some are at the highest end, and that is where the Clevelands, Sheffields, and Baltimores are being pushed toward. But that is bad advice. Success lies in understanding the changed structure of the global system of production and then using those insights to enable communities to recognize their own advantages, which in turn allows to them to foster surprising forms of specialized innovation. As he stresses, all localities have certain advantages relative to at least one stage of the global production process, and the trick is in recognizing it. Leaders might think the answer lies in high-tech or high-end manufacturing, but more often than not, they're wrong. Innovation in Real Places is an essential corrective to a mythology of innovation and growth that too many places have bought into in recent years. Best of all, it has the potential to prod local leaders into pursuing realistic and regionally appropriate models for growth and innovation.
Driving Growth Through Innovation Easyread Edition
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Author : Robert B. Tucker
language : en
Publisher: ReadHowYouWant.com
Release Date : 2002
Driving Growth Through Innovation Easyread Edition written by Robert B. Tucker and has been published by ReadHowYouWant.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
Innovation Commons
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Author : Jason Potts
language : en
Publisher: Oxford University Press
Release Date : 2019-07-02
Innovation Commons written by Jason Potts and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-02 with Business & Economics categories.
Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries. The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative group, under conditions of extreme uncertainty, working toward the mutual purpose of opportunity discovery about a nascent technology or new idea. Among the problems commons address are those of the identity; cooperation; consent; monitoring; punishment; and independence. A commons is efficient compared to the creation of alternative economic institutions that involve extensive contracting and networks, private property rights and price signals, or public goods (i.e. firms, markets, and governments). In other words, the origin of innovation is not entrepreneurial action per se, but the creation of a common pool resource from which entrepreneurs can discover opportunities. Potts' framework draws on the evolutionary theory of cooperation and institutional theory of the commons. It also has important implications for understanding the origin of firms and industries, and for the design of innovation policy. Beginning with a discussion of problems of knowledge and coordination as well as their implications for common pool environments, the book then explores instances of innovation commons and the lifecycle of innovation, including increased institutionalization and rigidness. Potts also discusses the possible implications of the commons framework for policies to sustain innovation dynamics.
Inside Real Innovation
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Author : Eugene Fitzgerald
language : en
Publisher: World Scientific
Release Date : 2010-11-03
Inside Real Innovation written by Eugene Fitzgerald and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-03 with Business & Economics categories.
Video — Prof. Eugene Fitzgerald talks about the process of innovation and introduces Inside Real Innovation. Read more about the authors' interview/article with Inc. and Forbes. This breakthrough book gives a ground-floor view of the innovation process, showing how fundamental innovators really work. Then, it connects that knowledge to the bigger picture, explaining why the “innovation system” in the United States is failing to work as it once did, and what all parties can do to build a better system for the future. Inside Real Innovation is written by distinguished practicing innovators. They debunk the concept of innovation as a linear process, from research to development to product in the market. They present a simple model for understanding it as a highly iterative process, in which you cycle repeatedly through many factors in the areas of Technology, Market and Implementation — until the right pieces come together. Co-author Gene Fitzgerald tells the story of his own major innovation, tracing it along the winding path into products we use every day. The authors then proceed to tell the larger story of how the vaunted American “pipeline” for carrying this process has been pulled apart. The book is a must-read for anyone with an interest in a strong innovation system: investors, innovators and people in corporations, universities and government. Inside Real Innovation has become the course-book for a White House-recognised MIT course entitled 3.086x Innovation and Commercialization. Contents:The Innovation CrisisInside Real InnovationOne Person, One Innovation at a TimeCharacteristics of Fundamental InnovationThe Story of a Fundamental InnovationThe American Innovation SystemBuilding a New Innovation System: The Free Market SideBuilding a New Innovation System: The Research and Education Side Readership: Students and academics studying and teaching innovation; business professionals and general public interested in innovation processes. Keywords:Innovation;Commercialization;Entrepreneurship;InventionKey Features:A break-through innovation book that provides a ‘ground-floor’ view of innovationConnects true micro innovation processes to macro impactsContains practical guides for innovation stakeholders, individual innovators, investors, universities, corporations and governmentsReviews: “Kudos to the authors of Inside Real Innovation. After debunking the age-old dogma about real innovation being a linear process, they clearly demonstrate how the cornerstones of Technology, Market, and Implementation must work together iteratively to realize ideas in the marketplace. As a university professor who has founded five companies to date, I especially commend this book to US government and university IP policy makers.” Jerry Woodall National Medal of Technology Laureate “Inside Real Innovation offers a compelling and worrisome look at the US innovation system. The authors argue that the US has been living off fundamental innovations done decades ago. This book must be read by scholars and policymakers with a concern for US economic performance.” Gary P Pisano Harvard Business School