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Pareto Optimal Sizes of Innovation Spillovers

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Author Info
Baumol, William J.

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Abstract

The paper offers reasons indicating that the spillovers from innovation activity are surprisingly large; and argues that individuals who have invested directly or indirectly in the economy's innovation processes can be estimated, conservatively, to obtain less than ten percent of the total economy benefits contributed by new technology and new products.

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File URL: http://econ.as.nyu.edu/docs/IO/9382/RR97-42.PDF
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Publisher Info
Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number 97-42.

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Length: 25 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:cvs:starer:97-42

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Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
Phone: (212) 998-8936
Fax: (212) 995-3932
Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html
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Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
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Related research
Keywords: WAGES ; INNOVATIONS;

Find related papers by JEL classification:
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Romer, Paul, 1994. "New goods, old theory, and the welfare costs of trade restrictions," Journal of Development Economics, Elsevier, vol. 43(1), pages 5-38, February. [Downloadable!] (restricted)
    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Sadraoui, Tarek & Ben-Zina, Naceur, 2007. "Coopération en R&D et croissance économique : Une analyse par les données de panel dynamique
    [R&D Cooperation and economic growth: A dynamic panel data analysis]
    ," MPRA Paper 3415, University Library of Munich, Germany. [Downloadable!]
  2. Gamal Atallah, 2000. "Information sharing and the stability of cooperation in research joint ventures," Industrial Organization 0004010, EconWPA, revised 20 Mar 2002. [Downloadable!]
    Other versions:
  3. Gamal Atallah, 2000. "Vertical R&D Spillovers, Cooperation, Market Structure, and Innovation," CIRANO Working Papers 2000s-54, CIRANO. [Downloadable!]
    Other versions:
Statistics
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This page was last updated on 2009-11-25.


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