Grupp, H.H.GruppStadler, M.M.Stadler2022-03-032022-03-032005https://publica.fraunhofer.de/handle/publica/209210This 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.eninnovative activityquality ladderendogenous market growthtechnometrics303600Technological progress and market growth. An empirical study based on the quality-ladder approachjournal article