Pareto Optimal Sizes of Innovation Spillovers
William Baumol ()
Working Papers from C.V. Starr Center for Applied Economics, New York University
The paper offers reasons indicating that the spillovers from innovation activity are surprisingly large; and argues that individuals who have invested directly or indirectly in the economy's innovation processes can be estimated, conservatively, to obtain less than ten percent of the total economy benefits contributed by new technology and new products.
Keywords: WAGES; INNOVATIONS (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Pages: 25 pages
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Persistent link: https://EconPapers.repec.org/RePEc:cvs:starer:97-42
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