Does permanent income spur innovation?

Leon Taylor ()

Development and Comp Systems from EconWPA

Abstract: From 1932 through 1957, purchases of gasoline and motor oil may have related to transitory income, perhaps through impulsive purchases. This relation may have affected innovations to refine oil.

Keywords: permanent; income; innovation; patents; oil; refining (search for similar items in EconPapers)
JEL-codes: O33 N52 (search for similar items in EconPapers)
Date: 2001-05-22
Note: Type of Document - Microsoft Word 2000; prepared on Compaq Presario 1200; to print on HP; pages: 8; figures: 4 included
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