Searching where ideas are harder to find : the productivity slowdown as a result of firms hindering disruptive innovation / Richard Bräuer ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
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Discovery
1890847895
URN
urn:nbn:de:gbv:3:2-1064978
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2024?]
Umfang
1 Online-Ressource (III, 32 Seiten, 1,18 MB) : Diagramme
Ausgabevermerk
This version: 05.06.2024
Sprache
eng
Anmerkungen
Literaturverzeichnis: Seite 29-32
Inhaltliche Zusammenfassung
This paper proposes to explain the productivity growth slowdown with the poaching of disruptive inventors by firms these inventors threaten with their research. I build an endogenous growth model with incremental and disruptive innovation and an inventor labor market where this defensive poaching takes place. Incremental firms poach more as they grow, which lowers the probability of disruption and makes large incremental firms even more prevalent. I perform an event study around disruptive innovations to confirm the main features of the model: Disruptions increase future research productivity, hurt incumbent inventors and raise the probability of future disruption. Without disruption, technology classes slowly trend even further towards incrementalism. I calibrate the model to the global patent landscape in 1990 and show that the model predicts 52% of the decline of disruptive innovation until 2010.
Schriftenreihe
IWH-Diskussionspapiere ; 2023, no. 22 (December 2023) [rev.] ppn:837399270