Industrial Research and Technological Innovation: An Econometric Analysis

Industrial Research and Technological Innovation: An Econometric Analysis

Industrial Research and Technological Innovation: An Econometric Analysis

Industrial Research and Technological Innovation: An Econometric Analysis

Excerpt

After many years of neglect, technological change is receiving the attention from economists that it deserves, the 1960's being a time of enormous interest in this area in academic, government, and business circles. Central to the economics of technological change is the manner in which new processes and products are conceived, developed, commercialized, and accepted. To help promote a better understanding of this process, I have been engaged for a number of years in a series of related econometric studies of industrial research and technological innovation. The purpose of this book is to bring together the results of these studies.

This book is addressed primarily to a professional audience of economists, engineers, and scientists, as well as to relatively advanced students in these areas; other students and laymen may find my The Economics of Technological Change more suitable to their background and tastes. A companion volume to this one, the latter book is an overview and interpretation of this entire field, including a discussion and analysis of public and private policy issues. It covers a wider spectrum of topics, and is technically less demanding than this book, which is devoted entirely to a very detailed and intensive investigation of a relatively small number of important questions.

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