The return of the Prince of Denmark: a survey on recent developments in the economics of innovation

Vania Sena

Research output: Contribution to journalArticle

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 literature in these three areas by discussing where the current literature stands and what are its future developments.
Original languageEnglish
Pages (from-to)312-332
Number of pages21
JournalEconomic Journal
Volume114
Issue number496
DOIs
Publication statusPublished - 2004

Keywords

  • innovation
  • growth
  • modern capitalist economies
  • production of innovations
  • impact of spillovers
  • productivity
  • R&D cooperation
  • patents
  • fostering innovations

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