search query: @indexterm Manufacturing industry / total: 974
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Author: | Makri, M. Lane, P.J. |
Title: | A search theoretic model of productivity, science and innovation |
Journal: | R & D Management
2007 : SEP, VOL. 37:4, p. 303-317 |
Index terms: | technological innovation manufacturing industry productivity intellectual capital patents legislation USA models |
Language: | eng |
Abstract: | This paper develops an industry-level search theoretic model of productivity, knowledge sources, and innovation. It is argued that increasing the use of science in technology development increases the novelty of ideas in the innovation search distribution, thus increasing the likelihood of finding productivity improvements. It is proposed that this relationship will hold outside the traditional science-based industries (chemicals, pharmaceuticals), and that there is no similar relationship btw. productivity and non-science patents. These hypotheses are supported by random effect analyses of 32 U.S. manufacturing industries from 1985 to 1997. |
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