Empirical Patterns of Firm Growth and R&D Investment: a Quality Ladder Model Interpretation

Tor Jakob Klette and Zvi Griliches

No 23/1998, Memorandum from Oslo University, Department of Economics

Abstract: We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the discrete choice models of product differentiation.

Keywords: ECONOMIC GROWTH; RESEARCH AND DEVELOPMENT; INNOVATIONS (search for similar items in EconPapers)
JEL-codes: O41 O31 O32 (search for similar items in EconPapers)
Date: 1998
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Related works:
Working Paper: Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation (1997)
Working Paper: Empirical patterns of firm growth and R&D investment: a quality ladder model interpretation (1999)
Working Paper: Empirical Patterns of Firm Growth and R&D Investment: A QuUality LadderModel Interpretation (1998)
Working Paper: Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation (1997)
Working Paper: Empirical Patters of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation (1997)
Journal Article: Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation (2000)
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