Growth: Scale or Market-Size Effects?

Angus Chu and Guido Cozzi

MPRA Paper from University Library of Munich, Germany

Abstract: 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)
Date: 2018-08
New Economics Papers: this item is included in nep-ino
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Citations: View citations in EconPapers (1)

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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)

Related works:
Journal Article: Growth: Scale or market-size effects? (2019)
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