Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/147211 
Erscheinungsjahr: 
2015
Quellenangabe: 
[Journal:] Journal of Economic Structures [ISSN:] 2193-2409 [Volume:] 4 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 1-16
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
We introduce a class of production function whose inputs and outputs constitute multiples of quality and quantity. Under the efficiency unit approach, we precisely reduce innovation regarding qualitative and quantitative improvements of production to the measurement of quality-adjusted productivity gain. We then consider a system of compatible unit cost functions inclusive of such productivity improvements in any industry, for which we can solve for the ex-post equilibrium to examine the technological structural propagation. In this way, we can evaluate any given innovation with respect to its social welfare gain. We use this framework of multi-industry multi-factor production to study effective industry-wise research and development investment allocations.
Schlagwörter: 
Productivity
Innovation
Efficiency unit
R&D policy
General equilibrium
JEL: 
D24
O33
O41
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