Diversification, innovation, and imitation inside the global technological frontier:
"Recent research highlights the relationship between economic development and productive diversification, which may be hindered by market failures. After identifying stages of diversification in disaggregated export data, the authors develop a metric for the flows of export "discoveries,&q...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
[Washington, D.C]
World Bank
[2006]
|
Schriftenreihe: | Policy research working paper
3872 |
Schlagworte: | |
Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
Zusammenfassung: | "Recent research highlights the relationship between economic development and productive diversification, which may be hindered by market failures. After identifying stages of diversification in disaggregated export data, the authors develop a metric for the flows of export "discoveries," or inside-the-frontier innovations in developing countries. They then explore the empirical relationship between economic development and (1) inside-the-frontier-innovation as reflected by the introduction of new export products, (2) export diversification measured by an index of export-revenue concentration, and (3) on-the-frontier innovation as reflected in patents. The data suggest, unsurprisingly, that inside-the-frontier innovation is more common among poor countries than among industrial economies. Overall export diversification increases at low levels of development but declines with development after a high-income point, whereas patenting activity rises exponentially with development. The data also suggest that the relationship between the frequency of export discoveries and economic development is not due to changes in the industrial composition of exports. The authors use a simple model of innovation and imitation to test the hypothesis that the threat of imitation inhibits the discovery of new exports. Econometric evidence suggests that the frequency of export discoveries across countries rises with the returns of export activities (proxied by exogenous export growth during the sample period), but the magnitude of this effect increases with barriers to entry. The count-data estimations deal with unobserved international heterogeneity, and the results are robust to various changes in the specification of the empirical model. This finding supports the hypothesis that market failures inhibit inside-the-frontier innovation. "--World Bank web site |
Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 4/5/2006 |
Beschreibung: | 1 Online-Ressource |
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spelling | Lederman, Daniel 1968- Verfasser aut Diversification, innovation, and imitation inside the global technological frontier Daniel Lederman, Bailey Klinger, Research working paper series Collection Title:Policy [Washington, D.C] World Bank [2006] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3872 Includes bibliographical references Title from PDF file as viewed on 4/5/2006 "Recent research highlights the relationship between economic development and productive diversification, which may be hindered by market failures. After identifying stages of diversification in disaggregated export data, the authors develop a metric for the flows of export "discoveries," or inside-the-frontier innovations in developing countries. They then explore the empirical relationship between economic development and (1) inside-the-frontier-innovation as reflected by the introduction of new export products, (2) export diversification measured by an index of export-revenue concentration, and (3) on-the-frontier innovation as reflected in patents. The data suggest, unsurprisingly, that inside-the-frontier innovation is more common among poor countries than among industrial economies. Overall export diversification increases at low levels of development but declines with development after a high-income point, whereas patenting activity rises exponentially with development. The data also suggest that the relationship between the frequency of export discoveries and economic development is not due to changes in the industrial composition of exports. The authors use a simple model of innovation and imitation to test the hypothesis that the threat of imitation inhibits the discovery of new exports. Econometric evidence suggests that the frequency of export discoveries across countries rises with the returns of export activities (proxied by exogenous export growth during the sample period), but the magnitude of this effect increases with barriers to entry. The count-data estimations deal with unobserved international heterogeneity, and the results are robust to various changes in the specification of the empirical model. This finding supports the hypothesis that market failures inhibit inside-the-frontier innovation. "--World Bank web site Online-Ausg Also available in print Diversification in industry Developing countries New products Developing countries Developing countries / Economic conditions Klinger, Bailey Sonstige oth World Bank Sonstige oth Lederman, Daniel Diversification, innovation, and imitation inside the global technological frontier http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3872 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Lederman, Daniel 1968- Diversification, innovation, and imitation inside the global technological frontier Diversification in industry Developing countries New products Developing countries |
title | Diversification, innovation, and imitation inside the global technological frontier |
title_auth | Diversification, innovation, and imitation inside the global technological frontier |
title_exact_search | Diversification, innovation, and imitation inside the global technological frontier |
title_exact_search_txtP | Diversification, innovation, and imitation inside the global technological frontier |
title_full | Diversification, innovation, and imitation inside the global technological frontier Daniel Lederman, Bailey Klinger, Research working paper series Collection Title:Policy |
title_fullStr | Diversification, innovation, and imitation inside the global technological frontier Daniel Lederman, Bailey Klinger, Research working paper series Collection Title:Policy |
title_full_unstemmed | Diversification, innovation, and imitation inside the global technological frontier Daniel Lederman, Bailey Klinger, Research working paper series Collection Title:Policy |
title_short | Diversification, innovation, and imitation inside the global technological frontier |
title_sort | diversification innovation and imitation inside the global technological frontier |
topic | Diversification in industry Developing countries New products Developing countries |
topic_facet | Diversification in industry Developing countries New products Developing countries |
url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3872 |
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