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Firm-level contributions to the R&D intensity distribution: evidence and policy implications 企业层面对研发强度分布的贡献:证据与政策启示
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-11-03 DOI: 10.1080/10438599.2022.2140658
Sebastiano Cattaruzzo, Agustí Segarra‐Blasco, Mercedes Teruel
{"title":"Firm-level contributions to the R&D intensity distribution: evidence and policy implications","authors":"Sebastiano Cattaruzzo, Agustí Segarra‐Blasco, Mercedes Teruel","doi":"10.1080/10438599.2022.2140658","DOIUrl":"https://doi.org/10.1080/10438599.2022.2140658","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44609931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Determinants of innovation novelty: evidence from Australian administrative data 创新新颖性的决定因素:来自澳大利亚行政数据的证据
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-10-20 DOI: 10.1080/10438599.2022.2132239
Omer Majeed, Robert Breunig
{"title":"Determinants of innovation novelty: evidence from Australian administrative data","authors":"Omer Majeed, Robert Breunig","doi":"10.1080/10438599.2022.2132239","DOIUrl":"https://doi.org/10.1080/10438599.2022.2132239","url":null,"abstract":"Innovation is key for productivity growth and an important focus for policy in many countries. Innovation novelty, increasing from new-to-firm to new-to-world, is linked with firm growth and spillo...","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"504 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496228","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Patents, family, and size: evidence from Italian manufacturing firms 专利、家族和规模：来自意大利制造公司的证据
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-10-15 DOI: 10.1080/10438599.2022.2134125
F. Aiello, P. Cardamone, L. Mannarino, Valeria Pupo
{"title":"Patents, family, and size: evidence from Italian manufacturing firms","authors":"F. Aiello, P. Cardamone, L. Mannarino, Valeria Pupo","doi":"10.1080/10438599.2022.2134125","DOIUrl":"https://doi.org/10.1080/10438599.2022.2134125","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48586895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Agglomeration, recombinant innovation and the role of market reforms in a transitioning China 集聚、重组创新与市场改革在转型期中国的作用
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-09-16 DOI: 10.1080/10438599.2022.2122456
Anthony Howell, Robin (Guohuibin) Li, M. Feldman, Haifeng Qian
{"title":"Agglomeration, recombinant innovation and the role of market reforms in a transitioning China","authors":"Anthony Howell, Robin (Guohuibin) Li, M. Feldman, Haifeng Qian","doi":"10.1080/10438599.2022.2122456","DOIUrl":"https://doi.org/10.1080/10438599.2022.2122456","url":null,"abstract":"ABSTRACT This paper estimates a knowledge production function to study the effects of local spillovers on the patenting activity and new innovation sales of Chinese firms during a period marked by rapid economic reform. We show that local spillovers expected to arise between co-located firms in related industries encourages firm innovation outcomes, especially among firms that diversify their core competencies into new related (versus unrelated) technological domains. Exploiting the gradual and spatially uneven economic transitioning process as a quasi-natural experiment, we find that the positive effects of relatedness on firm innovation are significantly larger in size following more intense market-oriented reforms. The results are potentially relevant for policy-makers in transitioning economies, highlighting for the first time the importance of firms' own diversification process and market-oriented reforms for encouraging innovation-enhancing technological related spillovers.","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43434974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Information asymmetry, risk aversion and R&D subsidies: effect-size heterogeneity and policy conundrums 信息不对称、风险规避与研发补贴：效应大小异质性与政策难题
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-09-07 DOI: 10.1080/10438599.2022.2119563
M. Ugur, E. Trushin
{"title":"Information asymmetry, risk aversion and R&D subsidies: effect-size heterogeneity and policy conundrums","authors":"M. Ugur, E. Trushin","doi":"10.1080/10438599.2022.2119563","DOIUrl":"https://doi.org/10.1080/10438599.2022.2119563","url":null,"abstract":"ABSTRACT Drawing on the theory of contracts and Schumpeterian models of innovation, we demonstrate that information asymmetry and risk aversion are conducive to effect-size heterogeneity and sub-optimal allocation of R&D subsidies. Utilising an unbalanced panel of 43,650 British firms from 1998 to 2012 and an entropy balancing methodology, we find that R&D subsidies are less likely to generate additionality effects when: (a) firms are larger, older, or more R&D-intensive; and (b) investment in basic research or during crisis episodes is considered. We also report that over 85% of the subsidies are allocated to large, old and R&D-intensive firms that do not deliver additional R&D investment. Our findings reveal a policy conundrum: the case for R&D subsidies is stronger during economic downturns, when R&D investment is in basic research and when firm age, size and R&D intensity reflect success in converting R&D investment into innovative product lines; but the subsidy is less likely to increase business R&D under these conditions.","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45085069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Non-fungible token (NFT) markets on the Ethereum blockchain: temporal development, cointegration and interrelations 以太坊区块链上的不可替代代币(NFT)市场:时间发展，协整和相互关系
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-09-06 DOI: 10.1080/10438599.2022.2119564
Lennart Ante
{"title":"Non-fungible token (NFT) markets on the Ethereum blockchain: temporal development, cointegration and interrelations","authors":"Lennart Ante","doi":"10.1080/10438599.2022.2119564","DOIUrl":"https://doi.org/10.1080/10438599.2022.2119564","url":null,"abstract":"The market for non-fungible tokens (NFTs), transferrable and unique digital assets on public blockchains, has received widespread attention and experienced strong growth since early 2021. This stud...","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"507 1","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 94
Network externalities, product compatibility and process innovation 网络外部性、产品兼容性和工艺创新
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-07-08 DOI: 10.1080/10438599.2022.2095513
D. Buccella, L. Fanti, L. Gori
{"title":"Network externalities, product compatibility and process innovation","authors":"D. Buccella, L. Fanti, L. Gori","doi":"10.1080/10438599.2022.2095513","DOIUrl":"https://doi.org/10.1080/10438599.2022.2095513","url":null,"abstract":"ABSTRACT\u0000 This article augments d’Aspremont and Jacquemin’s [1988. “Cooperative and Noncooperative R&D in Duopoly with Spillovers.” American Economic Review 78: 1133–1137; 1990. “Cooperative and Noncooperative R&D in Duopoly with Spillovers: Erratum.” American Economic Review 80: 641–642] cost-reducing R&D duopoly by introducing network externalities and product compatibility and then considers the investment decision stage. For standard non-network industries, the received literature has robustly shown that the non-cooperative R&D investment decision game is, without technological spill-over, a prisoner’s dilemma with investing firms (there is a conflict between self-interest and mutual benefit of investing in R&D), and a deadlock (there is no conflict between self-interest and mutual benefit of investing in R&D) only whether the extent of technological spill-over is sufficiently high. Network externalities and product compatibility challenge this result. In fact, outcomes antithetical to those emerging in a non-network industry do exist. Under symmetric full compatibility, the game is a deadlock also without spill-over effects. Under symmetric incompatibility, the game can be a prisoner’s dilemma irrespective of the extent of the technological spill-over. From a policy perspective, the article shows that R&D subsidies or taxes can be used as social welfare maximising tools depending on the extent of the network externality and the degree of product compatibility. The work focuses on Cournot rivalry, but results hold also for price-setting firms (Bertrand rivalry).","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44291681","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
The nonlinear impact of FinTech on the real economic growth: evidence from China 金融科技对实体经济增长的非线性影响——来自中国的证据
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-07-04 DOI: 10.1080/10438599.2022.2095512
Y. Bu, Xinghui Yu, Hui Li
{"title":"The nonlinear impact of FinTech on the real economic growth: evidence from China","authors":"Y. Bu, Xinghui Yu, Hui Li","doi":"10.1080/10438599.2022.2095512","DOIUrl":"https://doi.org/10.1080/10438599.2022.2095512","url":null,"abstract":"ABSTRACT Financial technology (FinTech) in promoting the real economy is a topic attracting much attention. This paper adopts a threshold regression model to solve the endogenous problem well and make up for the lack of empirical evidence of scientific models in existing research in this area. The empirical results show that FinTech has a significant promoting effect on real economic growth, manifested as a U-shaped relationship and double threshold effect. In the early stage of FinTech development, it will restrain economic growth. The continuous improvement will positively impact economic growth, and the result shows a law of marginal decline. Moreover, there are significant regional differences in the nonlinear characteristics. Our research has solid practical significance and contributes to the literature on the effects of FinTech on real economic growth.","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41496079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Identification of a Developmental Switch in Information Transfer between Whisker S1 and S2 Cortex in Mice. 识别小鼠胡须 S1 和 S2 皮层之间信息传递的发育开关
3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-06-01 Epub Date: 2022-05-02 DOI: 10.1523/JNEUROSCI.2246-21.2022
Linbi Cai, Jenq-Wei Yang, Chia-Fang Wang, Shen-Ju Chou, Heiko J Luhmann, Theofanis Karayannis
{"title":"Identification of a Developmental Switch in Information Transfer between Whisker S1 and S2 Cortex in Mice.","authors":"Linbi Cai, Jenq-Wei Yang, Chia-Fang Wang, Shen-Ju Chou, Heiko J Luhmann, Theofanis Karayannis","doi":"10.1523/JNEUROSCI.2246-21.2022","DOIUrl":"10.1523/JNEUROSCI.2246-21.2022","url":null,"abstract":"<p><p>The whiskers of rodents are a key sensory organ that provides critical tactile information for animal navigation and object exploration throughout life. Previous work has explored the developmental sensory-driven activation of the primary sensory cortex processing whisker information (wS1), also called barrel cortex. This body of work has shown that the barrel cortex is already activated by sensory stimuli during the first postnatal week. However, it is currently unknown when over the course of development these stimuli begin being processed by higher-order cortical areas, such as secondary whisker somatosensory area (wS2). Here we investigate the developmental engagement of wS2 by whisker stimuli and the emergence of corticocortical communication from wS1 to wS2. Using <i>in vivo</i> wide-field imaging and multielectrode recordings in control and conditional KO mice of either sex with thalamocortical innervation defects, we find that wS1 and wS2 are able to process bottom-up information coming from the thalamus from birth. We also identify that it is only at the end of the first postnatal week that wS1 begins to provide functional excitation into wS2, switching to more inhibitory actions after the second postnatal week. Therefore, we have uncovered a developmental window when information transfer between wS1 and wS2 reaches mature function.<b>SIGNIFICANCE STATEMENT</b> At the end of the first postnatal week, the primary whisker somatosensory area starts providing excitatory input to the secondary whisker somatosensory area 2. This excitatory drive weakens during the second postnatal week and switches to inhibition in the adult.</p>","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"13 1","pages":"4435-4448"},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9172289/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81679258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Assessing the impact of digital technology diffusion policies. Evidence from Italy 评估数字技术扩散政策的影响。来自意大利的证据
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2022-05-23 DOI: 10.1080/10438599.2022.2075357
Barbara Bratta, Livio Romano, P. Acciari, F. Mazzolari
{"title":"Assessing the impact of digital technology diffusion policies. Evidence from Italy","authors":"Barbara Bratta, Livio Romano, P. Acciari, F. Mazzolari","doi":"10.1080/10438599.2022.2075357","DOIUrl":"https://doi.org/10.1080/10438599.2022.2075357","url":null,"abstract":"ABSTRACT This paper provides firm-level evidence on how subsidies to buyers of advanced digital production technologies work in sustaining private investments in innovation, and how such investments correlate with firms’ demand for labor. By exploiting the introduction in 2017 of a fiscal incentive granted to all Italian companies purchasing tangible goods instrumental to their digital transformation, we are able to quantify the volume of the subsidized investments within the national economy, to correlate the decision to invest with ex-ante structural and strategic characteristics of the beneficiary firms, and to evaluate the labor market effects (hirings and separations) of these investments at the firm level, for different classes of workers and firms. Overall, the analysis suggests that the policy has been so far an effective means to support the advanced digital technology transformation of the Italian production system and that such transformation has been positively correlated with employment growth at investing firms.","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2022-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47730579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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