By M. Andersson et al. (eds.)
This quantity offers an knowing of companies' R&D and innovation concepts and their economy-wide outcomes. it's according to the idea that alterations in firm-level returns, in addition to economy-wide results, might be associated with the heterogeneous ways that organizations manage and adopt R&D and innovation actions. It emphasizes innovation innovations of innovating enterprises, and displays that innovation efforts don't symbolize a uniform kind of expenditure. geared up into 3 components the amount strikes from the micro to the macro-level. This constitution highlights the inspiration that R&D and innovation and development are interdependent views. the 1st of those is micro-oriented and makes a speciality of innovation techniques of businesses, the place R&D actions and different innovation efforts provide upward push to effects comparable to a strengthening of source bases, progress of revenues and employment, patents, new items, expanding productiveness and gains, and more advantageous probabilities of survival. the second one viewpoint includes economy-wide results within the type of total technological swap, development in overall issue productiveness, and structural switch tactics, the place convinced sectors may gain advantage from new inputs from different sectors whereas others adventure declining markets and diminished output.
The booklet brings jointly contributions and views from either economics and enterprise students, and should attract teachers, researchers, and scholars drawn to R&D and innovation thoughts, foreign enterprise, company procedure, and the economics of technological swap.
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Extra info for Innovation and Growth: From R&D Strategies of Innovating Firms to Economy-wide Technological Change
These impacts from inputs embodying R&D made in input-delivering industries also include inputs from abroad. This also implies that it matters which links to import sources that the ﬁrm manages to develop and re-arrange over time (Helpman, 2004). In this view, innovating ﬁrms will beneﬁt from a local milieu with abundant knowledge ﬂows that guide the search for import sources. The above inﬂuences from input suppliers on an industry´s performance are of course not homogeneous across alternative input suppliers.
Vega-Redondo, F. (2003), Economics and the Theory of Games. Cambridge, UK: Cambridge University Press. Wernerfelt, B. (1984), ‘The resource-based view of the ﬁrm’, Strategic Management Journal, 5(2): 171–180. Wieser, R. (2005), ‘Research and development productivity and spillovers—Empirical evidence at the ﬁrm level’, Journal of Economic Surveys, 19: 587–621. Wolff, E. (1997), ‘Spillovers, linkages and technical change,’ Economic Systems Research, 9(1): 9–23. 1. Introduction Knowledge has long played an important role in the theory of the ﬁrm.
External knowledge Prior research suggests that ﬁrms use a number of mechanisms that enable them to create conduits to sources of useful external knowledge. Besides traditional supply arrangements, these mechanisms include the hiring of scientists and engineers (Zucker, 1998; Almeida and Kogut, 1999), the forming of strategic alliances (Mowery, Oxley and Silverman, 1996; Rosenkopf and Almeida, 2003), and the appropriation of informal networks in geographically proximate locations. (Liebeskind and Oliver, 1996; Almeida and Kogut, 1997; Rosenkopf and Tushman, 1998).