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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)
New Economics Papers: this item is included in nep-ino
Date: 2018-08
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Journal Article: Growth: Scale or market-size effects? (2019) Downloads
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