IDEAS home Printed from https://ideas.repec.org/p/red/sed019/1394.html
   My bibliography  Save this paper

Structural Transformation of Innovation

Author

Listed:
  • Diego Comin

    (Dartmouth College)

  • Danial Lashkari

    (Boston College)

  • Marti Mestieri

    (Northwestern University)

Abstract

We develop a multi-sector endogenous growth model in which the direc- tion of innovation across sectors is endogenous. The model provides a the- oretical general equilibrium framework for studying the classical demand- pull and technology-push drivers of innovation. A robust prediction is that the rate of growth innovation growth is asymptotically higher in more income-elastic sectors. We test this prediction using the universe of U.S. patents and firm R&D investments for the period 1976-2007. The analysis lends empirical support for the main predictions of the model.

Suggested Citation

  • Diego Comin & Danial Lashkari & Marti Mestieri, 2019. "Structural Transformation of Innovation," 2019 Meeting Papers 1394, Society for Economic Dynamics.
    • Handle: RePEc:red:sed019:1394
    as

    Download full text from publisher

    File URL: https://red-files-public.s3.amazonaws.com/meetpapers/2019/paper_1394.pdf
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:sed019:1394. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Zimmermann (email available below). General contact details of provider: https://edirc.repec.org/data/sedddea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.