| dc.creator |
Bitzer, Jürgen |
|
| dc.creator |
Stephan, Andreas |
|
| dc.date |
2002 |
|
| dc.date.accessioned |
2013-10-16T06:59:17Z |
|
| dc.date.available |
2013-10-16T06:59:17Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18284 |
|
| dc.identifier |
ppn:361419872 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18284 |
|
| dc.description |
A new method for constructing R&D capital stocks is proposed. Following Schumpeter, the development of R&D capital stocks is modelled as a process of creative destruction. Newly generated knowledge is assumed not only to add to the existing R&D capital stocks but also, by displacing old knowledge, to destroy part of that capital. This is in stark contrast to the perpetual inventory method, which postulates a constant rate of depreciation. We compare both methods by estimating the impact of R&D and spillovers on output in OECD countries, and find that the new approach leads to more sensible and robust results. |
|
| dc.language |
eng |
|
| dc.publisher |
Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
|
| dc.relation |
DIW-Diskussionspapiere 300 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
C82 |
|
| dc.subject |
O31 |
|
| dc.subject |
D62 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
R&D capital stocks |
|
| dc.subject |
knowledge spillovers |
|
| dc.subject |
creative destruction |
|
| dc.subject |
Forschung |
|
| dc.subject |
Gesamtwirtschaftliches Anlagevermögen |
|
| dc.subject |
Spillover-Effekt |
|
| dc.subject |
Schumpeterismus |
|
| dc.subject |
Schätztheorie |
|
| dc.subject |
Theorie |
|
| dc.title |
A Schumpeter-inspired approach to the construction of R&D capital stocks |
|
| dc.type |
doc-type:workingPaper |
|