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Introduction to the Handbook

In: Handbook of the Economics of Innovation

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Listed:
  • Hall, Bronwyn H.
  • Rosenberg, Nathan

Abstract

In the chapters of the book Economics of Innovation, Volume 1, it is clear that this basic understanding of the importance of internally generated economic change for the progress of the economy and the weaknesses of static economic analysis in the face of this phenomenon occupies much of the research in innovation economics. A number of themes common to at least several of the chapters touch on this and related ideas. The first and perhaps the most important theme is the essential dynamism of the innovative process—knowledge, inventions, and innovations created today build on those created in the past, and the benefits of an innovation are often not felt until it undergoes a dynamic, cumulative learning and diffusion process. An understanding of this phenomenon underlies almost all of the chapters and is perhaps most obvious in those by Thompson on learning by doing, Bresnahan on general-purpose technologies, Teece on the innovative firm, and Stoneman and Battista on diffusion.

Suggested Citation

  • Hall, Bronwyn H. & Rosenberg, Nathan, 2010. "Introduction to the Handbook," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 3-9, Elsevier.
  • Handle: RePEc:eee:haechp:v1_3
    DOI: 10.1016/S0169-7218(10)01001-4
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    References listed on IDEAS

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    1. Mohnen, Pierre & Roller, Lars-Hendrik, 2005. "Complementarities in innovation policy," European Economic Review, Elsevier, vol. 49(6), pages 1431-1450, August.
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    3. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    4. Verspagen, Bart & Werker, Claudia, 2003. "The Invisible College of The Economics of Innovation and Technological Change," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 21, pages 393-419, December.
    5. Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
    6. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 287-343, National Bureau of Economic Research, Inc.
    7. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    8. Richard R. Nelson, 1959. "The Economics of Invention: A Survey of the Literature," The Journal of Business, University of Chicago Press, vol. 32, pages 101-101.
    9. Moses Abramovitz, 1956. "Resource and Output Trends in the United States since 1870," NBER Books, National Bureau of Economic Research, Inc, number abra56-1, May.
    10. Moses Abramovitz, 1956. "Resource and Output Trends in the United States since 1870," NBER Chapters, in: Resource and Output Trends in the United States since 1870, pages 1-23, National Bureau of Economic Research, Inc.
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