Knowledge Spillovers, Innovation and Growth
Philippe Aghion,Xavier Jaravel +1 more
TL;DR: In this paper, the authors introduced the notion of absorptive capacity and demonstrated that knowledge spillovers can induce complementarities in R&D efforts, which has rich implications when analysing important aspects of the growth process such as cross-country convergence and divergence, the international co-ordination of climate change policies, and the role of openness in the production of ideas.
read more
Abstract: Cohen and Levinthal (1989) introduced the notion of absorptive capacity and demonstrated that knowledge spillovers can induce complementarities in R&D efforts. We show that this idea has rich implications when analysing important aspects of the growth process such as cross-country convergence and divergence, the international co-ordination of climate change policies, and the role of openness in the production of ideas. We also show that the notion of absorptive capacity sets an agenda for new empirical and theoretical analyses of the role of R&D spillovers in innovation and growth.
read more
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
Knowledge Spillovers and Corporate Investment in Scientific Research
TL;DR: This paper found that private returns to corporate research depend on the balance between two opposing forces: the benefits from the use of science in own downstream inventions, and the costs of spillovers to rivals.
222
Innovation, growth and the transition to net-zero emissions
Nicholas Stern,Anna Valero +1 more
TL;DR: In this paper, the authors highlight the importance of a coordinated set of long-term policies and institutions that can enable and foster private sector investments in clean innovation and assets quickly and at scale.
210
The impact of knowledge spillovers and innovation on firm-performance: findings from the Balkans countries
Veland Ramadani,Hyrije Abazi-Alili,Hyrije Abazi-Alili,Leo Paul Dana,Gadaf Rexhepi,Sadudin Ibraimi +5 more
TL;DR: In this paper, the authors investigated factors affecting firm performance and found that knowledge spillovers and innovation activities are endogenously related to firm performance, and that the performance of firms is influenced by knowledge spillover and innovation activity, among other firm characteristics.
151
Agricultural investments and hunger in Africa modeling potential contributions to SDG2 - Zero Hunger.
Daniel Mason-D'Croz,Daniel Mason-D'Croz,Timothy B. Sulser,Keith Wiebe,Mark W. Rosegrant,Sarah K. Lowder,Alejandro Nin-Pratt,Dirk Willenbockel,Sherman Robinson,Tingju Zhu,Nicola Cenacchi,Shahnila Dunston,Richard Robertson +12 more
TL;DR: Investment in agriculture alone will not achieve SDG2 in Africa; complementary non-ag investments will be needed, according to a multi-model ensemble used to more holistically assess cost and benefits of increased agricultural investments in Africa.
125
References
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
Innovation and Learning: The Two Faces of R & D
TL;DR: In this paper, the authors assume that firms invest in R&D not only to generate innovations, but also to learn from competitors and extraindustry knowledge sources (e.g., university and government labs).
8.7K
Economic Welfare and the Allocation of Resources for Invention
TL;DR: In this article, the determination of optimal resource allocation for invention will depend on the technological characteristics of the invention process and the nature of the market for knowledge, which is interpreted broadly as the production of knowledge.
The Economic Implications of Learning by Doing
TL;DR: It is by now incontrovertible that increases in per capita income cannot be explained simply by increases in the capital-labor ratio as mentioned in this paper, and that knowledge is growing in time.