2004
DOI: 10.1111/j.1468-0297.2004.00225.x
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The Return of the Prince of Denmark: A Survey on Recent Developments in the Economics of Innovation

Abstract: It is well known that innovation is the engine that drives the growth machine of modern capitalist economies. Therefore, not surprisingly, substantial attention has been devoted by economists to the process behind the production of innovations. Three areas have recently emerged as relevant in the field. These are: the impact of spillovers on productivity; the different forms of R&D cooperation and the role of patents in fostering innovations when these are cumulative. In this paper I summarise the relevant lit… Show more

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Cited by 56 publications
(32 citation statements)
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“…Similarly to the estimation of the own-firm R&D investment on productivity, analyses of R&D spillovers have produced a wide range of empirical results (Sena, 2004). In some cases the estimates of the 'social returns' are found to be extremely high and to exceed the internal returns by a wide margin.…”
Section: The Relationship Between Knowledge-based Capital and Productmentioning
confidence: 99%
“…Similarly to the estimation of the own-firm R&D investment on productivity, analyses of R&D spillovers have produced a wide range of empirical results (Sena, 2004). In some cases the estimates of the 'social returns' are found to be extremely high and to exceed the internal returns by a wide margin.…”
Section: The Relationship Between Knowledge-based Capital and Productmentioning
confidence: 99%
“…Spillover e¤ects appear 2 See, e.g., Wong (1986). Spillovers have not been extensively analysed in the context of household decision making or occupational choice, in sharp contrast to other areas of economics including productivity (Moretti, 2004); economic growth (Holod and Reed, 2004); innovation (Sena, 2004) and labour mobility (Berliant et al, 2002). not only to be large, but also play an important part in explaining patterns of male and female business ownership.…”
Section: Introductionmentioning
confidence: 99%
“…While innovation in developed countries is a system of institutions bounded by bylaws and supported by policies including the IPR, this is contrary to the case in developing countries where enterprise usually lacks such supportive policies [10]. In addition to that, enterprises in developing countries do not rely on dynamic sophisticated technology supported by R & D process that enhances enterprises's ability to compete internationally.…”
Section: Measuring Innovation Activities In the Private Enterprisesmentioning
confidence: 57%