Nelson, Richard R. (2008). What Enables Rapid Economic Progress: What Are the Needed Institutions? Research Policy, 37(1), 1-11. Introduction Central Thesis: The article explores the vital role of institutions in economic growth, especially in relation to technological progress. Background: Critiques prior economic growth literature for its narrow focus on institutional efficiency, neglecting the critical aspect …
Tag: economics
Article summary – A Toolkit of policies to promote innovation by Bloom, Van Reenan and Williams
Bloom, Nicholas, John Van Reenen, and Heidi Williams. 2019. "A Toolkit of Policies to Promote Innovation." Journal of Economic Perspectives, 33 (3): 163-84.DOI: 10.1257/jep.33.3.163 Overview Context: The US, since the 1970s, has seen a persistent slowdown in productivity growth, mirrored in other developed countries. This trend is accompanied by stagnant real wage growth and rising wage inequality. Purpose: The …
DPhil Reading list
1. Foundations of Innovation Economics a) Technology, Innovation, and Evolutionary Theory Fagerberg J., “Innovation: a guide to the literature” in Fagerberg J. Mowery D. Nelson R. (ed) Handbook of innovation Oxford University Press 2004. Malerba F. Brusoni S. "Perspectives on innovation" Cambridge University Press Cambridge 2007. Hall B. Rosenberg N. "Handbook of the Economics of …
Chapter summary – “Measuring innovation” by Keith Smith in the Oxford Handbook of Innovation
Smith, K. (2009). Measuring Innovation. In J. Fagerberg, D. C. Mowery, & R. R. Nelson (Eds.), The Oxford Handbook of Innovation (pp. 148-178). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199286805.003.0006 Challenge of Measuring Innovation: The paper emphasizes the inherent difficulty in quantifying innovation due to its novel nature. It notes that "Measurement implies commensurability," yet innovation, by its …
Chapter summary: “Introduction to the Handbook” in Handbook of the Economics of Innovation by Hall and Rosenberg
Hall, B. H., & Rosenberg, N. (2010). Introduction to the Handbook. In Handbook of the Economics of Innovation (Vol. 1, pp. 1-9). Elsevier. DOI: 10.1016/S0169-7218(10)01001-4. Dynamic Nature of the Innovation Process: The innovative process is inherently dynamic, building on past knowledge, inventions, and innovations. This cumulative and evolving nature of innovation is a key theme, …
RICHARD WILSON 