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Measuring Knowledge Stocks: A Process of Creative Destruction

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  • Jürgen Bitzer

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.

Suggested Citation

  • Jürgen Bitzer, 2005. "Measuring Knowledge Stocks: A Process of Creative Destruction," Kyklos, Wiley Blackwell, vol. 58(3), pages 379-393, July.
    • Handle: RePEc:bla:kyklos:v:58:y:2005:i:3:p:379-393
    DOI: 10.1111/j.0023-5962.2005.00293.x
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    References listed on IDEAS

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    1. Keller, Wolfgang, 2000. "Do Trade Patterns and Technology Flows Affect Productivity Growth?," The World Bank Economic Review, World Bank, vol. 14(1), pages 17-47, January.
    2. Keller, Wolfgang, 2001. "The Geography and Channels of Diffusion at the World's Technology Frontier," Discussion Paper Series 26140, Hamburg Institute of International Economics.
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    Cited by:

    1. Jurgen Bitzer & Andreas Stephan, 2007. "A Schumpeter-inspired approach to the construction of R&D capital stocks," Applied Economics, Taylor & Francis Journals, vol. 39(2), pages 179-189.
    2. Ruth Towse, 2010. "Creativity, Copyright and the Creative Industries Paradigm," Kyklos, Wiley Blackwell, vol. 63(3), pages 461-478, August.
    3. Nada Karaman Aksentijevic & Zoran Jezic, 2009. "Human Resources development and research capacity and their impact on economic growth," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 27(2), pages 263-291.
    4. Wong, Siang Leng & Chang, Youngho & Chia, Wai-Mun, 2013. "Energy consumption, energy R&D and real GDP in OECD countries with and without oil reserves," Energy Economics, Elsevier, vol. 40(C), pages 51-60.
    5. Jürgen Bitzer & Holger Görg, 2009. "Foreign Direct Investment, Competition and Industry Performance," The World Economy, Wiley Blackwell, vol. 32(2), pages 221-233, February.
    6. Jürgen Bitzer & Holger Görg & Philipp J.H. Schröder, 2012. "Can Trade Really Hurt? An Empirical Follow-Up On Samuelson'S Controversial Paper," Economic Inquiry, Western Economic Association International, vol. 50(3), pages 724-738, July.
    7. 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.
    8. Patel, Darshak & Ward, Michael R., 2011. "Using patent citation patterns to infer innovation market competition," Research Policy, Elsevier, vol. 40(6), pages 886-894, July.
    9. Beneito, Pilar & Rochina-Barrachina, María Engracia & Sanchis, Amparo, 2015. "The path of R&D efficiency over time," International Journal of Industrial Organization, Elsevier, vol. 42(C), pages 57-69.
    10. Jürgen Bitzer & Holger Görg, 2005. "The impact of FDI on industry performance," International Trade 0505003, University Library of Munich, Germany.
    11. Bitzer, Jürgen & Kerekes, Monika, 2005. "Does Foreign Direct Investment Transfer Technology Across Borders? A Reexamination," Discussion Papers 2005/7, Free University Berlin, School of Business & Economics.
    12. Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189, CPB Netherlands Bureau for Economic Policy Analysis.
    13. Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189.rdf, CPB Netherlands Bureau for Economic Policy Analysis.

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