Measuring Knowledge Stocks: A Process of Creative Destruction
Abstract
This paper proposes a new method for constructing R&D capital stocks developed to avoid the common assumption of a constant rate of knowledge depreciation, which implies wear and tear of knowledge. The method models the development of R&D capital stocks as a process of creative destruction linking the depreciation of knowledge to the emergence of new knowledge. A first empirical assessment of the new method - measuring the influence of R&D capital stocks on production in the manufacturing sectors of 12 OECD countries - produces plausible and robust results. Copyright 2005 Blackwell Publishing Ltd..Download Info
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Bibliographic Info
Article provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 58 (2005)
Issue (Month): 3 (07)
Pages: 379-393
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Jurgen Bitzer & Andreas Stephan, 2007.
"A Schumpeter-inspired approach to the construction of R&D capital stocks,"
Applied Economics,
Taylor and Francis Journals, vol. 39(2), pages 179-189.
- Jürgen Bitzer & Andreas Stephan, 2002. "A Schumpeter-Inspired Approach to the Construction of R&D Capital Stocks," Discussion Papers of DIW Berlin 300, DIW Berlin, German Institute for Economic Research.
- Jürgen Bitzer & Holger Görg & Philipp Schröder, 2008.
"Can trade really hurt? An empirical follow-up on Samuelson's controversial paper,"
Kiel Working Papers
1451, Kiel Institute for the World Economy.
- Jürgen Bitzer & Holger Görg & Philipp J.H. Schröder, 2012. "Can Trade Really Hurt? An Empirical Follow-Up On Samuelson'S Controversial Paper," Economic Inquiry, Western Economic Association International, vol. 50(3), pages 724-738, 07.
- Jurgen Bitzer & Holger Görg & Philipp J.H. Schröder, . "Can Trade Really Hurt? An Empirical Follow-up on Samuelson’s Controversial Paper," Discussion Papers 08/34, University of Nottingham, GEP.
- Alexandre Almeida & Aurora A.C. Teixeira, 2007. "Does Patenting negatively impact on R&D investment?An international panel data assessment," FEP Working Papers 255, Universidade do Porto, Faculdade de Economia do Porto.
- Patel, Darshak & Ward, Michael R., 2011. "Using patent citation patterns to infer innovation market competition," Research Policy, Elsevier, vol. 40(6), pages 886-894, July.
- Jürgen Bitzer & Holger Görg, 2005. "The impact of FDI on industry performance," International Trade 0505003, EconWPA.
- Jürgen Bitzer & Monika Kerekes, 2005.
"Does Foreign Direct Investment Transfer Technology Across Borders? A Reexamination,"
Macroeconomics
0505004, EconWPA.
- Bitzer, Jürgen & Kerekes, Monika, 2005. "Does Foreign Direct Investment Transfer Technology Across Borders? A Reexamination," Discussion Papers 2005/7, Free University Berlin, School of Business & Economics.
- Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189, CPB Netherlands Bureau for Economic Policy Analysis.
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