The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00076912" target="_blank" >RIV/00216224:14560/14:00076912 - isvavai.cz</a>

Výsledek na webu

<a href="http://nho.econ.muni.cz/14-2014/3-2014/relationship-between-profitability-innovation-and-technology-gap-basic-model" target="_blank" >http://nho.econ.muni.cz/14-2014/3-2014/relationship-between-profitability-innovation-and-technology-gap-basic-model</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/revecp-2014-0011" target="_blank" >10.2478/revecp-2014-0011</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model

Popis výsledku v původním jazyce

This paper introduces a model of innovation that explains some of the stylized facts presented in recent empirical literature. In the model, firms choose R and D expenditures that maximize their expected profits under the assumption that R and D expenditures of firms might be constrained by the size of their profits. Optimal decisions of firms generate relationships between profitability and innovation of individual firms that may create the observed patterns at the industry level. In particular, the model is able to explain an inverted-U relationship between profitability and innovation in the industry together with decreasing or flat and concave relationships between profitability and the dispersion of productivity in the industry. Additionally, thepaper investigates the parameter space for which the model generates the observed relationships.

Název v anglickém jazyce

The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model

Popis výsledku anglicky

This paper introduces a model of innovation that explains some of the stylized facts presented in recent empirical literature. In the model, firms choose R and D expenditures that maximize their expected profits under the assumption that R and D expenditures of firms might be constrained by the size of their profits. Optimal decisions of firms generate relationships between profitability and innovation of individual firms that may create the observed patterns at the industry level. In particular, the model is able to explain an inverted-U relationship between profitability and innovation in the industry together with decreasing or flat and concave relationships between profitability and the dispersion of productivity in the industry. Additionally, thepaper investigates the parameter space for which the model generates the observed relationships.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Národohospodářský obzor ? Review of Economic Perspectives

ISSN

1213-2446

e-ISSN

—

Svazek periodika

14

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

17

Strana od-do

215-231

Kód UT WoS článku

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EID výsledku v databázi Scopus

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