Recent research on the economics of innovation has acknowledged the importance of path dependence and networks in the evolution of economies and the diffusion of new techniques, products, and processes. These are topics pioneered by Paul A. David, one of the world's leading scholars in the economics of innovation. This outstanding collection provides a fitting tribute to the diversity and depth of Paul David's contributions. The papers included range from simulation models of the evolution of market structure in the presence of innovation, through historical investigations of knowledge networks and empirical analysis of contemporary networks, to the analysis of the diffusion of innovations using simulation and analytic models and of the diffusion of knowledge using patent data. With an emphasis on simulation models, data analysis, and historical evidence, this book will be required reading for researchers in innovation economics and regional development as well as economists, sociologists, and historians of innovation and intellectual property.

Economics of Research and Development is a research review of the major readings in the development of this topic, from its origins in the work of Kenneth Arrow, Robert Solow, and Zvi Griliches to present day concerns with the financing of R&D and measurement of its returns. Topics covered include historical perspectives, market structure and the various ways R&D is conducted, the role of venture capital and government incentives, the measurement of R&D returns including spillovers to other firms or countries and the contribution of R&D to economic growth. This research review serves as an invaluable reference for those who would like to have a review of the seminal papers on R&D collected into a single source.

Protection of intellectual property rights (IPRs) serves a dual role in economic development. While it promotes innovation by providing legal protection of inventions, it may retard catch-up and learning by restricting the diffusion of innovations. Does stronger IPR protection in a developing country encourage technology development in or technology transfer to that country? This book aims to address the issue, covering diverse forms of IPRs, varied actors in innovation, and multiple case studies from Asia and Latin America. IPRs and their interaction with other factors such as such as the quality of knowledge institutions (e.g. academia, public research institutes or industrial research centers such as science parks), availability of trained human capital, and networks for research collaboration or interaction (e.g. university-industry research collaboration or international collaboration) in a development context, is the subject of this book.Intellectual Property for Economic Development: - Considers the diverse forms of IPRs and technology transfer and their implications for economic development. - Analyzes the role of inventors in different contexts including those in universities and in domestic and international mobility and collaborations. - Presents in-depth analyses of specific issues involving IPRs in the context of countries at different levels of development, including Mexico, China and Korea. Focus is paid to the differences between East Asia and Latin America. This book will appeal to academics and researchers in the areas of development economics, the economics of IP, law and economics and IP innovation. Contributors: S.A. Ahn, C.R. Duran, B.H. Hall, A. Hu, S. Karmakar, J. Kim, Y.K. Kim, K. Lee, S. Lee, D.C. Lippoldt, G. Marschke, F. Montobbio, S. Nagaoka, T. Naotoshi, K.-H. Park, W.G. Park, V. Sterzi, J. Suh

During the past few decades, the interest of economists in the sources of long-term economic growth has led an increasing number of them to focus on the role of innovation in creating that growth. Although some researchers have always been interested in this topic, the groundbreaking work of Solow (1957), Nelson (1959) and Arrow (1962) made many other economists recognize the central role played by innovation in almost all spheres of economic activity. The Economics and Econometrics of Innovation presents a valuable overview of the work of the world's most renowned experts in the field of innovation and technical change. It collects 22 outstanding contributions that reflect the results of the vast, worldwide research efforts and remind us of the importance of economic incentives in shaping and directing innovative activities. The volume presents an edited selection of papers that were first presented at the 10th International ADRES conference. One particular goal of this book is to bring out the complementary nature of the various approaches to innovation, and to facilitate in-depth dialogues both between microeconomists and macroeconomists, and between theoreticians and econometricians. General topics that are considered range from the economy-wide effects of innovation on growth and employment to the variation of individual firm innovative performance; from the analysis of networks and standardization to the role of intellectual property rights and the assessment of knowledge spillovers. Besides the wealth of information presented in the chapters, readers of this volume will also appreciate the value of examining a single question from different angles and by using different methods.

Recent research on the economics of innovation has acknowledged the importance of path dependence and networks in the evolution of economies and the diffusion of new techniques, products, and processes. These are topics pioneered by Paul A. David, one of the world's leading scholars in the economics of innovation. This outstanding collection provides a fitting tribute to the diversity and depth of Paul David's contributions. The papers included range from simulation models of the evolution of market structure in the presence of innovation, through historical investigations of knowledge networks and empirical analysis of contemporary networks, to the analysis of the diffusion of innovations using simulation and analytic models and of the diffusion of knowledge using patent data. With an emphasis on simulation models, data analysis, and historical evidence, this book will be required reading for researchers in innovation economics and regional development as well as economists, sociologists, and historians of innovation and intellectual property.

During the past few decades, the interest of economists in the sources of long-term economic growth has led an increasing number of them to focus on the role of innovation in creating that growth. Although some researchers have always been interested in this topic, the groundbreaking work of Solow (1957), Nelson (1959) and Arrow (1962) made many other economists recognize the central role played by innovation in almost all spheres of economic activity. The Economics and Econometrics of Innovation presents a valuable overview of the work of the world's most renowned experts in the field of innovation and technical change. It collects 22 outstanding contributions that reflect the results of the vast, worldwide research efforts and remind us of the importance of economic incentives in shaping and directing innovative activities. The volume presents an edited selection of papers that were first presented at the 10th International ADRES conference. One particular goal of this book is to bring out the complementary nature of the various approaches to innovation, and to facilitate in-depth dialogues both between microeconomists and macroeconomists, and between theoreticians and econometricians. General topics that are considered range from the economy-wide effects of innovation on growth and employment to the variation of individual firm innovative performance; from the analysis of networks and standardization to the role of intellectual property rights and the assessment of knowledge spillovers. Besides the wealth of information presented in the chapters, readers of this volume will also appreciate the value of examining a single question from different angles and by using different methods.

How does technology advance? How can we best assimilate innovation? These questions and others are considered by experts on the theories and applications of technological innovations. Considering subjects as diverse as the diffusion of new technologies and their industrial applications, governmental policies, and manifestations of innovation in our institutions, history, and environment, our contributors map milestones in research and speculate about the roads ahead. Wasteful, inefficient, and frequently wrongheaded, the process of technological changes is here revealed as a describable, scientific force.

- Two volumes, available separately and as a set

Expert articles consider the best ways to establish optimal incentives in technological progress.

Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare.

Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies."

Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions.

- Two volumes, available as a set or sold separately

Expert articles consider the best ways to establish optimal incentives in technological progress

Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare.

Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies.

The measurement of scientific, technological, and innovative activities (STI) in the economy is an increasing challenge faced by statistical agencies around the world. Measuring Science, Technology, and Innovation: A Review surveys the current state of the art including the concept of indicators, their quality and use, and a schematic model of the STI system that can identify gaps in the set of indicators commonly in use. The authors review the developments in STI measurement that have taken place in the rest of the world, particularly the widespread use of innovation surveys. The monograph concludes with a discussion of the measurement gaps and issues in the U.S., which we identify as innovation (especially in the service sector), non-R&D investment related to innovation, data timeliness, data linkages, measurement related to public policy goals, and the sources of capital for innovation. After an introduction, Section 2 summarizes the framework for analysis of the STI system that is most widely used by economists. Section 3 considers how the specific data currently collected by the U.S. government, and indicators constructed from those data, relate to the important concepts within the framework. Section 4 expands this discussion by reviewing data collected and indicators published by other countries and international organizations. Section 5 then turns to the issues of policy, and draws explicit connections between important policy questions and indicators, using the framework of Section 2. Section 6 builds on these discussions to highlight gaps and issues with the existing indicators, and Section 7 provides concluding comments.