Growth: Scale or market-size effects?

Chu, CA ORCID: 0000-0002-7196-1277 and Cozzi, Guido (2019) Growth: Scale or market-size effects? Economics Letters, 178. pp. 13-17.

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Abstract

Is the supply of researchers or the demand for technologies more important for innovation? The supply of research labor captures a scale effect, whereas the demand from production labor for technologies captures a market-size effect. We find that both the scale effect and the market-size effect are important for innovation and their relative importance depends on R&D labor intensity. We collect data on R&D labor intensity and find that it varies significantly across countries.

Item Type:	Article
Uncontrolled Keywords:	Innovation, Economic growth, Scale effects, Market-size effects
Depositing User:	Symplectic Admin
Date Deposited:	29 Mar 2019 08:15
Last Modified:	19 Jan 2023 00:55
DOI:	10.1016/j.econlet.2019.01.002
Related URLs:	Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3035285