Chapter 1 in Competition, Cooperation, Research and Development, 1997, pp 1-12 from Palgrave Macmillan
Abstract The analysis of innovation has become an important area of research in both theoretical and empirical economics. Innovation is important as it is a major contributory factor to economic growth, as pointed out by Solow (1957) and elaborated upon recently by Grossman and Helpman (1991); it also significantly affects the international competitiveness of a country (see Fagerberg, 1988) and is responsible for the dramatic increase in living standards we have witnessed over the last hundred or so years. Hence, the recent upsurge in theoretical and empirical analysis of several aspects of innovation is not surprising at all. For a comprehensive review of the literature, see Baldwin and Scott (1987), Beath et al. (1989, 1991), Cohen and Levin (1988), Kamien and Schwartz (1982) and Reinganum (1988).
Keywords: Market Structure; American Economic Review; Technology Policy; Social Optimum; International Competitiveness (search for similar items in EconPapers)
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