The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Innovating Firms and Aggregate Innovation
Abstract
We develop a parsimonious model of innovation to confront firm‐level evidence. It captures the dynamics of individual heterogeneous firms, describes the behavior of an industry with firm entry and exit, and delivers a general equilibrium model of technological change. While unifying the theoretical analysis of firms, industries, and the aggregate economy, the model yields insights into empirical work on innovating firms. It accounts for the persistence of firms’ R&D investment, the concentration of R&D among incumbents, the link between R&D and patenting, and why R&D as a fraction of revenues is positively correlated with firm productivity but not with firm size or growth.
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Citations
Cites
Endogenous Technological Change
Romer, P. M. (1990) · Journal of Political Economy · doi:10.1086/261725 · Cited by 17,711
“A Model of Growth: Through Creative Destruction”
Aghion, P., & Howitt, P. (1992) · Econometrica · doi:10.2307/2951599 · Cited by 7,529
Plants and Productivity in International Trade
Bernard, A. B., Eaton, J., Jensen, J. B., & Kortum, S. (2003) · American Economic Review · doi:10.1257/000282803769206296 · Cited by 2,980
Self-citation
Cited by
Plants and Productivity in International Trade
Bernard, A. B., Eaton, J., Jensen, J. B., & Kortum, S. (2003) · American Economic Review · doi:10.1257/000282803769206296 · Cited by 2,980
Self-citationSyverson, C. (2011) · Journal of Economic Literature · doi:10.1257/jel.49.2.326 · Cited by 2,942
Artificial intelligence, firm growth, and product innovation
Babina, T., Fedyk, A., He, A., & Hodson, J. (2024) · Journal of Financial Economics · doi:10.1016/j.jfineco.2023.103745 · Cited by 1,460
Are Ideas Getting Harder to Find?
Bloom, N., Jones, C. I., Van Reenen, J., & Webb, M. (2020) · American Economic Review · doi:10.1257/aer.20180338 · Cited by 1,002
Multiple-Product Firms and Product Switching
Bernard, A. B., Redding, S. J., & Schott, P. K. (2010) · American Economic Review · doi:10.1257/aer.100.1.70 · Cited by 904
Metadata
- Authors
- Klette, T. J., & Kortum, S.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2004-10
- Volume
- 112
- Issue
- 5
- Pages
- 986-1018
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W3125350312
- Cited by
- 1,133
- References
- 3
- FWCI
- 45.04
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
