Handbook of the Economics of Innovation

Handbook of the Economics of Innovation, 1st Edition

Handbook of the Economics of Innovation, 1st Edition,Bronwyn H. Hall,Nathan Rosenberg,ISBN9780444536099

Hall   &   Rosenberg   





Economists examine the genesis of innovation as well as the ways technological changes are nurtured and assimilated.

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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.


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


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.

Bronwyn H. Hall

Affiliations and Expertise

University of California at Berkeley,CA, USA

Nathan Rosenberg

Affiliations and Expertise

Stanford University, Stanford, CA, USA

Handbook of the Economics of Innovation, 1st Edition

                         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


      Quotes and reviews

      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

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