Does permanent income spur innovation?
AbstractFrom 1932 through 1957, purchases of gasoline and motor oil may have related to transitory income, perhaps through impulsive purchases. This relation may have affected innovations to refine oil.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0105005.
Length: 8 pages
Date of creation: 22 May 2001
Date of revision:
Note: Type of Document - Microsoft Word 2000; prepared on Compaq Presario 1200; to print on HP; pages: 8; figures: 4 included
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permanent income innovation patents oil refining;
Find related papers by JEL classification:
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- N52 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - U.S.; Canada: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-06-08 (All new papers)
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