Innovating firms and aggregate innovation

Journal of Political Economy

Volumn 112, Issue 5, 2004, Pages 986-1018

  Klette, Tor Jakob ^a,b   Kortum, Samuel ^c,d  

^a UNIVERSITY OF OSLO   (Norway)

^b Center for Economic and Policy Research   (United States)

^c UNIVERSITY OF MINNESOTA   (United States)

^d NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

INDUSTRIAL PERFORMANCE; INNOVATION; RESEARCH AND DEVELOPMENT; SCIENCE AND TECHNOLOGY; THEORETICAL STUDY;

EID: 8744248290     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/422563     Document Type: Article

References (68)

1. Aghion, Philippe, and Peter Howitt. 1992. "A Model of Growth through Creative Destruction." Econometrica 60 (March): 323-51.
2. Amaral, Luís A. Nunes, Sergey V. Buldyrev, Shlomo Havlin, Michael A. Salinger, and H. Eugene Stanley. 1998. "Power Law Scaling for a System of Interacting Units with Complex Internal Structure. " Physical Rev. Letters 80 (February 16): 1385-88.
3. Audretsch, David B. 1995. Innovation and Industry Evolution. Cambridge, Mass.: MIT Press.
4. Barro, Robert J., and Xavier Sala-i-Martin. 1995. Economic Growth. New York: McGraw-Hill.
5. Bernard, Andrew B., Jonathan Eaton, J. Bradford Jensen, and Samuel Kortum. 2003. "Plants and Productivity in International Trade." A.E.R 93 (September): 1268-90.
6. Blundell, Richard, Rachel Griffith, and Frank Windmeijer. 2002. " Individual Effects and Dynamics in Count Data Models." J. Econometrics 108 (May): 113-31.
7. Carroll, Glenn R., and Michael T. Hannan. 2000. The Demography of Corporations and Industries. Princeton, N.J.: Princeton Univ. Press.
8. Caves, Richard E. 1998. "Industrial Organization and New Findings on the Turnover and Mobility of Firms." J. Econ. Literature 36 (December): 1947-82.
9. Cockburn, Iain M., Rebecca M. Henderson, and Scott Stern. 2000. " Untangling the Origins of Competitive Advantage." Strategic Management J. 21 (October/November): 1123-45.
10. Cohen, Wesley M. 1995. "Empirical Studies of Innovative Activity." In Handbook of the Economics of Innovations and Technological Change, edited by Paul Stoneman. Oxford: Blackwell.
11. Cohen, Wesley M., and Steven Klepper. 1992. "The Anatomy of Industry R&D Intensity Distributions." A.E.R. 82 (September): 773-99.
12. Cohen, Wesley M. and Stephen Klepper. 1996. "A Reprise of Size and R&D." Econ. J. 106 (July): 925-51.
13. Cohen, Wesley M., and Richard C. Levin. 1989. "Empirical Studies of Innovation and Market Structure." In Handbook of Industrial Organization, vol. 2, edited by Richard Schmalensee and Robert D. Willig. Amsterdam: North-Holland.
14. Dunne, Timothy, Mark J. Roberts, and Larry Samuelson. 1988. " Patterns of Firm Entry and Exit in U.S. Manufacturing Industries." Rand J. Econ. 19 (Winter): 495-515.
15. Eaton, Jonathan, and Samuel Kortum. 1999. "International Technology Diffusion: Theory and Measurement." Internat. Econ. Rev. 40 (August): 537-70.
16. Ericson, Richard, and Ariel Pakes. 1995. "Markov-Perfect Industry Dynamics: A Framework for Empirical Work." Rev. Econ. Studies 62 (January): 53-82.
17. Geroski, Paul A. 1998. "An Applied Econometrician's View of Large Company Performance." Rev. Indus. Organization 13 (June): 271-94.
18. Goel, Narendra S., and Nira Richter-Dyn. 1974. Stochastic Models in Biology. New York: Academic Press.
19. Griliches, Zvi. 1979. "Issues in Assessing the Contribution of Research and Development to Productivity Growth." Bell J. Econ. 10 (Spring): 92-116.
20. Griliches, Zvi. 1990. "Patent Statistics as Economic Indicators: A Survey." J. Econ. Literature 28 (December): 1661-1707.
21. Griliches, Zvi. 1995. "R&D and Productivity: Econometric Results and Measurement Issues." In Handbook of the Economics of Innovations and Technical Change, edited by Paul Stoneman. Oxford: Blackwell.
22. Griliches, Zvi. 1998. R&D and Productivity: The Econometric Evidence. Chicago: Univ. Chicago Press (for NBER).
23. Griliches, Zvi. 2000. R&D, Education, and Productivity: A Retrospective. Cambridge, Mass,: Harvard Univ. Press.
24. Grossman, Gene M., and Elhanan Helpman. 1991. Innovation and Growth in the Global Economy. Cambridge, Mass.: MIT Press.
25. Hall, Bronwyn H. 1996. "The Private and Social Returns to Research and Development." In Technology, R&D, and the Economy, edited by Bruce R. Smith and Claude E. Barfield. Washington, D.C.: Brookings Inst.
26. Hall, Bronwyn H., Zvi Griliches, and Jerry A. Hausman. 1986. " Patents and R and D: Is There a Lag?" Internat. Econ. Rev. 27 (June): 265-83.
27. Hall, Bronwyn H., and Fumio Hayashi. 1989. "Research and Development as an Investment." Working Paper no. 2973 (May). Cambridge, Mass.: NBER.
28. Henderson, Rebecca. 1993. "Underinvestment and Incompetence as Responses to Radical Innovation: Evidence from the Photolithographic Alignment Equipment Industry." Rand J. Econ. 24 (Summer): 248-70.
29. Hopenhayn, Hugo A. 1992. "Entry, Exit, and Firm Dynamics in Long Run Equilibrium." Econometrica 60 (September): 1127-50.
30. Howitt, Peter. 2000. "Endogenous Growth and Cross-Country Income Differences." A.E.R 90 (September): 829-46.
31. Hymer, Stephen, and Peter Pashigian. 1962. "Firm Size and Rate of Growth." J.P.E. 70 (December): 556-69.
32. Ijiri, Yuji, and Herbert A. Simon. 1977. Skew Distributions and the Sizes of Business Firms. Amsterdam: North-Holland.
33. Johnson, Norman L., Samuel Kotz, and Adrienne W. Kemp. 1992. Univariate Discrete Distributions. 2d ed. New York: Wiley.
34. Jones, Charles I. 1995. "R&D-Based Models of Economic Growth." J.P.E. 103 (August): 759-84.
35. Jovanovic, Boyan. 1982. "Selection and the Evolution of Industry." Econometrica 50 (May): 649-70.
36. Jovanovic, Boyan. 1993. "The Diversification of Production." Brookings Papers Econ. Activity: Microeconomics, pp. 197-247.
37. Jovanovic, Boyan. 2001. "Fitness and Age: Review of Carroll and Hannan's Demography of Corporations and Industries." J. Econ. Literature 39 (March): 105-19.
38. Karlin, Samuel, and Howard Taylor. 1975. A First Course in Stochastic Processes. 2d ed. San Diego: Academic Press.
39. Kendall, David G. 1948. "On the Generalized 'Birth-and-Death' Process." Ann. Math. Statis. 19 (March): 1-15.
40. Kleinknecht, Alfred. 1987. "Measuring R&D in Small Firms: How Much Are We Missing?" J. Indus. Econ. 36 (December): 253-56
41. Klepper, Steven. 1996. "Entry, Exit, Growth, and Innovation over the Product Life Cycle." A.E.R. 86 (June): 562-83.
42. Klepper, Steven, and Peter Thompson. 2002. "Submarkets and the Evolution of Market Structure." Manuscript. Pittsburgh: Carnegie Mellon Univ.
43. Klette, Tor Jakob. 1996. "R&D, Scope Economies, and Plant Performance." Rand J. Econ. 27 (Autumn): 502-22
44. Klette, Tor Jakob, and Zvi Griliches. 1996. "The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Endogenous." J. Appl. Econometrics 11 (July-August): 343-61.
45. Klette, Tor Jakob, and Zvi Griliches. 2000. "Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation." Econ. J. 110 (April): 363-87.
46. Klette, Tor Jakob, and Frode Johansen. 1998. "Accumulation of R& D Capital and Dynamic Firm Performance: A Not-So-Fixed Effect Model." Ann. d'Economie et de Statistique, nos. 49/50 (January/June), pp. 389-419
47. Kortum, Samuel S. 1997. "Research, Patenting, and Technological Change." Econometrica 65 (November): 1389-1419.
48. Langlois, Richard N., and Paul L. Robertson. 1995. Firms, Markets and Economic Change: A Dynamic Theory of Business Institutions. New York: Routledge.
49. Li, Chol-Won. 2001. "On the Policy Implications of Endogenous Technological Progress." Econ. J. 111 (May): C164-C179.
50. Lucas, Robert E., Jr. 1967. "Adjustment Costs and the Theory of Supply." J.P.E. 75, no. 4, pt. 1 (August): 321-34.
51. Lucas, Robert E., Jr., and Edward C. Prescott. 1971. "Investment under Uncertainty." Econometrica 39 (September): 659-81.
52. Mansfield, Edwin. 1986. "The R&D Tax Credit and Other Technology Policy Issues." A.E.R. Papers and Proc. 76 (May): 190-94.
53. Nelson, Richard R. 1988. "Modelling the Connections in the Cross Section between Technical Progress and R&D Intensity." Rand J. Econ. 19 (Autumn): 478-85.
54. Penrose, Edith T. 1959. The Theory of the Growth in the Firm. Oxford: Blackwell.
55. Peretto, Pietro F. 1999. "Cost Reduction, Entry, and the Interdependence of Market Structure and Economic Growth." J. Monetary Econ. 43 (February): 173-95.
56. Romer, Paul M. 1990. "Endogenous Technological Change." J.P.E. 98, no. 5, pt. 2 (October): S71-S102.
57. Schmalensee, Richard. 1989. "Inter-industry Studies of Structure and Performance." In Handbook of Industrial Organization, vol. 2, edited by Richard Schmalensee and Robert D. Willig. Amsterdam: North-Holland.
58. Scott, John T. 1984. "Firm versus Industry Variability in R&D Intensity." In R&D, Patents, and Productivity, edited by Zvi Griliches. Chicago: Univ. Chicago Press (for NBER).
59. Segerstrom, Paul S. 1998. "Endogenous Growth without Scale Effects." A.E.R. 88 (December): 1290-1310.
60. Simon, Herbert A., and Charles P. Bonini. 1958. "The Size Distribution of Business Firms." A.E.R. 48 (September): 607-17.
61. Stanley, Michael H. R., et al. 1995. "Zipf Plots and the Size Distribution of Firms." Econ. Letters 49 (October): 453-57.
62. Sutton, John. 1997. "Gibrat's Legacy." J. Econ. Literature 35 (March): 40-59.
63. Sutton, John. 1998. Technology and Market Structure: Theory and History. Cambridge, Mass.: MIT Press.
64. Sutton, John. 2002. "The Variance of Firm Growth Rates: The 'Scaling' Puzzle." Physica A 312 (September 15): 577-90.
65. Thompson, Peter. 1996. "Technological Opportunity and the Growth of Knowledge: A Schumpeterian Approach to Measurement." J. Evolutionary Econ. 6 (February) : 77-97.
66. Thompson, Peter. 2001. "The Microeconomics of an R&D-Based Model of Endogenous Growth." J. Econ. Growth 6 (December): 263-83.
67. Thompson, Peter, and Doug Waldo. 1994. "Growth and Trustified Capitalism." J. Monetary Econ. 34 (December): 445-62.
68. Uzawa, Hirofumi. 1969. "Time Preference and the Penrose Effect in a Two-Class Model of Economic Growth." J.P.E. 77, no. 4, pt. 2 (July/August): 628-52.