Technological Innovation, Resource Allocation, and Growth*

Innovation , Technological Interdependence , and Economic Growth ̊ Douglas

There is substantial heterogeneity across industries in the level of interdependence between new and old technologies. I propose a measure of this interdependence–an index of sequentiality in innovation–which is the transfer rate of patents in a particular industry. I find that highly sequential industries have higher profitability, higher variance of firm growth, lower exit rates, and lower ra...

Technological Innovation in Humanitarian Aid Allocation during Epidemic Situations

Missed Opportunities: Innovation and Resource-based Growth

The 20 century offered opportunities for rapid natural resource-based growth that Latin America systematically missed. Even if it were the case that resource abundant countries have experienced relatively slow growth, the more interesting question is why some -Australia, and Sweden for example -successfully and rapidly developed while others did not. Latin America’s underperformance, and its pa...

Technological Innovation

This paper considers how manufacturing companies within the supply chain are increasingly expected to provide technologically innovative solutions, rather than simple components. Large global companies are becoming system builders, but as they devolve greater responsibility for technology to suppliers, they are also squeezing cost and timescales. Planning for specific future technology requirem...

Non-technological and Technological Innovation: Strange Bedfellows?

Non-technological innovation is an important element of firms’ innovation activities that both supplement and complement technological innovation, i.e. the introduction of new products and new processes. We analyse the spread of nontechnological innovation in firms, their relation to technological innovation, and their effects to firm performance and success with product and process innovation,...