Technological progress and market growth: an empirical study based on the quality-ladder approach

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Dokumentart: WorkingPaper
Date: 2004
Source: Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 281
Language: English
Faculty: 6 Wirtschafts- und Sozialwissenschaftliche Fakultät
Department: Wirtschaftswissenschaften
DDC Classifikation: 330 - Economics
Keywords: Innovation
Other Keywords:
Innovative Activities , Quality Ladders , Endogenous Market Growth , Technometrics
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This paper develops an extended version of the quality-ladder model by allowing for heterogeneous markets. Based on this model, it presents an empirical analysis of innovation-based growth at the market level using a technometric measurement concept. It can be shown that a growth-promoting effect due to technological progress in a particular, single year is observed after between two and up to seven years. This is true not only for highly innovative markets, but also for those in which fewer R&D resources are invested.

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