Handbook of the Economics of Innovation, Volume 2

1st Edition

Print ISBN: 9780444562005
eBook ISBN: 9780444536105
Imprint: Elsevier
Published Date: 25th March 2010
Page Count: 600
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105.00 + applicable tax
131.00 + applicable tax
160.00 + applicable tax
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How does technology advance?  How can we best assimilate innovation?  These questions and others are considered by experts on the theories and applications of technological innovations.  Considering subjects as diverse as the diffusion of new technologies and their industrial applications, governmental policies, and manifestations of innovation in our institutions, history, and environment, our contributors map milestones in research and speculate about the roads ahead.  Wasteful, inefficient, and frequently wrongheaded, the process of technological changes is here revealed as a describable, scientific force.

- Two volumes, available separately and as a set

Key Features

Expert articles consider the best ways to establish optimal incentives in technological progress.

Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare.

Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies.


Students and researchers studying technological change.  Articles are written by economists for a multidisciplinary readership, including industry professionals, attorneys, educators, and anyone interested in new technologies.

Table of Contents

                         Volume 2

                  I. Diffusion
      The diffusion of new technology – Paul Stoneman and Giuliana Battisti
      General purpose technologies – Timothy Bresnahan
      International trade, foreign direct investment, and technology spillovers – Wolfgang Keller

                  II. Innovation Outcomes
      Innovation and economic development – Jan Fagerberg, Martin Srholec, and Bart Verspagen
      Energy, the environment, and technological change – David Popp, Richard G. Newell, and Adam B. Jaffe
      The economics of innovation and technical change in agriculture – Philip G. Pardey, Julian M. Alston, and Vernon W. Ruttan

                  III. Measurement of Innovation
      Growth accounting – Charles Hulten
      Returns to R&D and productivity – Bronwyn Hall, Jacques Mairesse, and Pierre Mohnen
      Patent statistics as innovation indicators – Sadao Nagaoka, Kazuyuki Motohashi, and Akira Goto
      Using innovation surveys for econometric analysis – Jacques Mairesse and Pierre Mohnen

                   IV. Policy Towards Innovation
      Systems of innovation – Luc Soete, Bart Verspagen, and Bas ter Weel
      Economics of technology policy – W. Edward Steinmueller
      Military R&D and innovation – David C. Mowery



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      For too long the policy importance of innovation has taken a back seat to short-term stimulus initiatives. Hall and Rosenberg have assembled a scholarly collection of papers that provide a timely guide for rediscovering the role of innovation in economic growth.
          Albert N. Link, University of North Carolina at Greensboro