Technological Progress and Market Growth: An Empirical Study Based on the Quality-Ladder Approach

Hariolf Grupp and Manfred Stadler

No 281, Tübinger Diskussionsbeiträge from University of Tübingen, School of Business and Economics

Abstract: This paper develops an extended version of the quality-ladder model by allowing for heterogeneous markets. Based on this model, it presents an empirical analysis of innovation-based growth at the market level using a technometric measurement concept. It can be shown that a growth-promoting effect due to technological progress in a particular, single year is observed after between two and up to seven years. This is true not only for highly innovative markets, but also for those in which fewer R&D resources are invested.

Keywords: Innovative Activities; Quality Ladders; Endogenous Market Growth; Technometrics (search for similar items in EconPapers)
JEL-codes: L16 O33 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuedps:281

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