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Does permanent income spur innovation?

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Author Info
Leon Taylor

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Abstract

From 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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Paper provided by EconWPA in its series Development and Comp Systems with number 0105005.

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Length: 8 pages
Date of creation: 22 May 2001
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Handle: RePEc:wpa:wuwpdc:0105005

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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Web page: http://129.3.20.41

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Related research
Keywords: permanent income innovation patents oil refining

Find related papers by JEL classification:
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
N52 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - U.S.; Canada: 1913-

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This page was last updated on 2008-8-17.

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