Growth: Scale or Market-Size Effects?
Angus Chu () and
Guido Cozzi ()
MPRA Paper from University Library of Munich, Germany
Is the supply of researchers or the demand for technologies more important for innovation? The supply of research labor captures a scale effect, whereas the demand from production labor for technologies captures a market-size effect. We find that both the scale effect and the market-size effect are important for innovation and their relative importance depends on the relative intensity of lab-equipment R&D and knowledge-driven R&D in the innovation process.
Keywords: innovation; economic growth; scale effects; market-size effects (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
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https://mpra.ub.uni-muenchen.de/88337/1/MPRA_paper_88337.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/89710/1/MPRA_paper_89710.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/91350/1/MPRA_paper_91350.pdf revised version (application/pdf)
Journal Article: Growth: Scale or market-size effects? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:88337
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