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Technological progress and market growth. An empirical study based on the quality-ladder approach

: Grupp, H.; Stadler, M.

Technological forecasting and social change 72 (2005), No.4, pp.413-428
ISSN: 0040-1625
Journal Article
Fraunhofer ISI ()
innovative activity; quality ladder; endogenous market growth; technometrics

This paper develops an extended version of the quality-adder model by allowing for heterogeneous markets. Based on this model, it presents an empirical analysis of innovation-based growth at the market level using a technometric measurement concept. It can be shown that a growth-promoting effect due to technological progress in a particular single year is observed after between 2 and up to 7 years. This is true not only for highly innovative markets but also for those in which fewer R&D resources are invested.