The aggregate effects of the decline of disruptive innovation / Richard Bräuer ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
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The aggregate effects of the decline of disruptive innovation
Discovery
1878118579
URN
urn:nbn:de:gbv:3:2-1029642
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, December 2023
Content
1 Online-Ressource (III, 40 Seiten, 1,09 MB) : Diagramme
Edition
Language
eng
Comment
Literaturverzeichnis: Seite 37-40
Abstract
This paper proposes a model that explains both recently documented facts about the decline of disruptive innovation and the decline in productivity growth as the result of large firms trying to monopolize technologies by poaching inventors from disruptive activities. To come to this conclusion, the paper builds an endogenous growth model with inventor labor markets on which firms can interact strategically. To inform this model, I perform an event study of the effect of disruptive inventions on their technology fields using PATSTAT (1980-2010). I document that technology classes without disruption slowly trend towards incrementalism and that after a disruption, more patents get registered and research becomes less incremental.
Series
IWH-Diskussionspapiere ; 2023, no. 22 (December 2023) ppn:837399270