Innovation in the Machine Tool Industry* | The Quarterly Journal of Economics | Oxford
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It is commonplace to assert that most of the growth of output is due to tech-nological change.
It is more accurate to state that the growth of inputs cannot ex-plain most of the growth of …

1. This paper is based on the observation that technical progress or'the third factor'is a
macroeconomio residual difficult to analyse. In contrast innovation—the introduction of new …

In explaining the course of technical progress economists in recent years have empha-sized
the inducements to innovation offered by market demand. Yet much remains to be said in …

Abstract I. Introduction, 290.—II. Size of firm and the profitability of its investment in the
innovation, 291.—III. Model and data, 294.—IV. Empirical results, 297.—V. Growth rate …

THIS is a progress report on a larger study of the growth of technical knowledge. The study
as a whole centers on the course of patented inventions in many American industries from …

The topic considered here is innovations, not inventions: the entrepreneur is viewed as
facing a list of known but as yet unexploited inventions from which he may select. How this …

Innovation in the Capitalist Process: A Critique of the Schumpeterian Theory | The Quarterly
Journal of Economics | Oxford Academic Skip to Main Content Advertisement Oxford Academic …

The rate of technological change may be defined as the rate of change of productivity due to
changes in the technique of production. Sometimes changes in production techniques are …

This report summarizes the results of a study conducted over the years 1963 to 1967 by the
National Planning Association for the National Science Foundation. This project had its …