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Pareto Optimal Sizes of Innovation Spillovers

Author

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  • Baumol, William J.

Abstract

The paper offers reasons indicating that the spillovers from innovation activity are surprisingly large; and argues that individuals who have invested directly or indirectly in the economy's innovation processes can be estimated, conservatively, to obtain less than ten percent of the total economy benefits contributed by new technology and new products.

Suggested Citation

  • Baumol, William J., 1997. "Pareto Optimal Sizes of Innovation Spillovers," Working Papers 97-42, C.V. Starr Center for Applied Economics, New York University.
  • Handle: RePEc:cvs:starer:97-42
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    Citations

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    Cited by:

    1. Gamal Atallah, 2003. "Information sharing and the stability of cooperation in research joint ventures," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(6), pages 531-554.
    2. Gamal Atallah, 2002. "Vertical R&D Spillovers, Cooperation, Market Structure, and Innovation," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(3), pages 179-209.
    3. Sadraoui, Tarek & Ben Zina, Naceur, 2007. "Coopération en R&D et croissance économique : Une analyse par les données de panel dynamique
      [R&D Cooperation and economic growth: A dynamic panel data analysis]
      ," MPRA Paper 3415, University Library of Munich, Germany.
    4. Castellacci, Fulvio, 2008. "Innovation and the competitiveness of industries: comparing the mainstream and the evolutionary approaches," MPRA Paper 27523, University Library of Munich, Germany.

    More about this item

    Keywords

    WAGES ; INNOVATIONS;

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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