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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Discovery
1878118579
URN
urn:nbn:de:gbv:3:2-1029642
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, December 2023
Umfang
1 Online-Ressource (III, 40 Seiten, 1,09 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Literaturverzeichnis: Seite 37-40
Inhaltliche Zusammenfassung
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.
Schriftenreihe
IWH-Diskussionspapiere ; 2023, no. 22 (December 2023) ppn:837399270