A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks

Bitzer, Jürgen; Stephan, Andreas

[journal article]

dc.contributor.author	Bitzer, Jürgen	de
dc.contributor.author	Stephan, Andreas	de
dc.date.accessioned	2011-04-01T05:14:00Z	de
dc.date.accessioned	2012-08-29T23:08:05Z
dc.date.available	2012-08-29T23:08:05Z
dc.date.issued	2006	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24314
dc.description.abstract	A new method for constructing R&D capital stocks is proposed and tested. Following Schumpeter, the development of R&D capital stocks is modelled as a process of creative destruction. Newly generated knowledge is assumed not only to add to the existing R&D capital stocks but also, by displacing old knowledge, to destroy part of that capital. This is in stark contrast to the perpetual inventory method, which postulates a constant rate of depreciation. We compare both methods by estimating the impact of R&D and spillovers on output of nine industries in twelve OECD countries, and find that the new approach leads to more sensible and robust results.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	R&D; capital stocks; knowledge spillovers; creative destruction; perpetual inventory method; PIM; Schumpeter-Inspired Method; SIM
dc.title	A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	39	de
dc.publisher.country	GBR
dc.source.issue	2	de
dc.subject.classoz	Economic Statistics, Econometrics, Business Informatics	en
dc.subject.classoz	National Economy	en
dc.subject.classoz	Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik	de
dc.subject.classoz	Volkswirtschaftstheorie	de
dc.subject.thesoz	externe Effekte	de
dc.subject.thesoz	knowledge transfer	en
dc.subject.thesoz	research and development	en
dc.subject.thesoz	Schumpeter, J.	de
dc.subject.thesoz	OECD-Staat	de
dc.subject.thesoz	Wissenstransfer	de
dc.subject.thesoz	external effects	en
dc.subject.thesoz	capital	en
dc.subject.thesoz	OECD member country	en
dc.subject.thesoz	Forschung und Entwicklung	de
dc.subject.thesoz	Kapital	de
dc.subject.thesoz	Schumpeter, J.	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-243147	de
dc.date.modified	2011-10-17T13:37:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
internal.identifier.thesoz	10041542
internal.identifier.thesoz	10057505
internal.identifier.thesoz	10043914
internal.identifier.thesoz	10047291
internal.identifier.thesoz	10043061
internal.identifier.thesoz	10060367
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	179-189
internal.identifier.classoz	1090301
internal.identifier.classoz	10905
internal.identifier.journal	21	de
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1080/00036840500427973	de
dc.subject.methods	theory formation	en
dc.subject.methods	Theoriebildung	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.methods	16
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik
Economic Statistics, Econometrics, Business Informatics
Volkswirtschaftstheorie
Economic Theory

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