An empirical model of growth through product innovation
By: by Rasmus Lentz, Dale T. Mortensen.
Contributors: Mortensen, Dale.
Series: Discussion paper ;; no. 1685; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1685
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Technological innovations -- Economic aspects -- Denmark -- Econometric models.; Industrial productivity -- Denmark -- Econometric models.; Equilibrium (Economics) -- Mathematical models.
Description: "Productivity dispersion across firms is large and persistent, and worker reallocation among firms is an important source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution and growth developed by Klette and Kortum (2004). The data set is a panel of Danish firms than includes information on value added, employment, and wages. The model's fit is good and the structural parameter estimates have interesting implications for the aggregate growth rate and the contribution of worker reallocation to it"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 8/10/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.