Technological Innovation and Economic Performance

Published by Princeton University Press 2002

Technological Innovation and Economic Performance

Edited by: Benn Steil , David G. Victor and Richard R. Nelson

https://doi.org/10.1515/9781400824878

Overview
Contents

About this book

Information technology accounts for over one-third of recent U.S. GDP growth and nearly two-thirds of corporate capital investment. ''The New Economy'' appears omnipresent, but little is actually known about its workings.

This seminal volume brings together the research and critical thinking of many of the world's top macro and micro economists to provide a unique, multifaceted perspective. Through the use of detailed, up-to-date country and industry studies, this book provides the most authoritative and detailed analysis ever assembled into the causes of technological innovation and its relationship to economic performance. The country studies cover the United States, Japan, Germany, France, the United Kingdom, and the Nordic states. Nine industry studies examine the Internet, computers and semiconductors, banking, securities trading, venture capital, energy, agricultural biotechnology, pharmaceutical biotechnology, and automobiles.

Commissioned and brought together for the research project by the world-renowned Council on Foreign Relations, the authors have produced one of the most important compendia in applied economics to be published in recent times.

The contributors are Charles Calomiris, Ian Domowitz, Robert Evenson, Charles Fine, Robert Gordon, Richard Langlois, Josh Lerner, Markku Malkamäki, Patrick Messerlin, Joel Mokyr, David Mowery, Richard R. Nelson, Stephen Nickell, Gary Pisano, Adam Posen, Daniel Raff, Horst Siebert, Timothy Simcoe, Benn Steil, Michael Stolpe, John Van Reenen, David Victor, and Matti Virén.

Author / Editor information

Benn Steil is André Meyer Senior Fellow in International Economics at the Council on Foreign Relations. David G. Victor is Robert W. Johnson, Jr., Senior Fellow and Director of the Science and Technology program at the Council on Foreign Relations. Richard R. Nelson is George Blumenthal Professor of International and Public Affairs, Business and Law at Columbia University.

Topics

Frontmatter Publicly Available Download PDF	i
Contents Publicly Available Download PDF	v
Contributors Publicly Available Download PDF	vii
Preface Publicly Available Download PDF	ix
Acknowledgments Publicly Available Download PDF	xi
Part I INTRODUCTION
1 Introduction and Overview Benn Steil, David G. Victor and Richard R. Nelson Requires Authentication Unlicensed Licensed Download PDF	3
2 Innovation in an Historical Perspective: Tales of Technology and Evolution Joel Mokyr Requires Authentication Unlicensed Licensed Download PDF	23
Part II COUNTRY STUDIES
3 The United States Robert J. Gordon Requires Authentication Unlicensed Licensed Download PDF	49
4 Japan Adam S. Posen Requires Authentication Unlicensed Licensed Download PDF	74
5 Germany Horst Siebert and Michael Stolpe Requires Authentication Unlicensed Licensed Download PDF	112
6 France Patrick A. Messerlin Requires Authentication Unlicensed Licensed Download PDF	148
7 The United Kingdom Stephen Nickell and John Van Reenen Requires Authentication Unlicensed Licensed Download PDF	178
8 The Nordic Countries Matti Virén and Markku Malkamaki Requires Authentication Unlicensed Licensed Download PDF	200
Part III INDUSTRY STUDIES
9 The Internet David C. Mowery and Timothy Simcoe Requires Authentication Unlicensed Licensed Download PDF	229
10 Computers and Semiconductors Richard N. Langlois Requires Authentication Unlicensed Licensed Download PDF	265
11 Banking and Financial Intermediation Charles W. Calomiris Requires Authentication Unlicensed Licensed Download PDF	285
12 Securities Trading Ian Domowitz and Benn Steil Requires Authentication Unlicensed Licensed Download PDF	314
13 Venture Capital Josh Lerner Requires Authentication Unlicensed Licensed Download PDF	327
14 Pharmaceutical Biotechnology Gary P. Pisano Requires Authentication Unlicensed Licensed Download PDF	347
15 Agricultural Biotechnology Robert E. Evenson Requires Authentication Unlicensed Licensed Download PDF	367
16 Electric Power David G. Victor Requires Authentication Unlicensed Licensed Download PDF	385
17 Automobiles Charles H. Fine and Daniel M.G. Raff Requires Authentication Unlicensed Licensed Download PDF	416
Bibliography Requires Authentication Unlicensed Licensed Download PDF	433
Author Index Requires Authentication Unlicensed Licensed Download PDF	454
Subject Index Requires Authentication Unlicensed Licensed Download PDF	459