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Measuring Knowledge Stocks: A Process of Creative Destruction

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Author Info
Jürgen Bitzer

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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..

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File URL: http://www.blackwell-synergy.com/links/doi/10.1111/j.0023-5962.2005.00293.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Kyklos.

Volume (Year): 58 (2005)
Issue (Month): 3 (07)
Pages: 379-393
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:bla:kyklos:v:58:y:2005:i:3:p:379-393

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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  1. Jürgen Bitzer & Monika Kerekes, 2005. "Does Foreign Direct Investment Transfer Technology Across Borders? A Reexamination," Macroeconomics 0505004, EconWPA. [Downloadable!]
  2. Sabine Visser, 2007. "R&D in WorldScan," CPB Memoranda 189, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  3. Jürgen 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, February. [Downloadable!] (restricted)
    Other versions:
  4. 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. [Downloadable!]
  5. 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. [Downloadable!]
    Other versions:
  6. Jürgen Bitzer & Holger Görg, 2005. "The impact of FDI on industry performance," International Trade 0505003, EconWPA. [Downloadable!]
Statistics
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