13 - 1 Copyright McGraw-Hill/Irwin, 2005 Technological Adv ance U.S. R&D Expendit ures Role of Entrepren eurs and Other In novators A Firm’s Optimal Amount of R&D Increased Profit via Innovation Imitation and R&D Incentives Role of Market St ructure Inverted-U Theory Technological Adv ance and Efficien cy Key Terms Previo us Slide Next Slid e End End Show Show Technolog y, R&D, and Efficienc y 13 C H A P T E R
19
Embed
13 - 1 Copyright McGraw-Hill/Irwin, 2005 Technological Advance U.S. R&D Expenditures Role of Entrepreneurs and Other Innovators A Firm’s Optimal Amount.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
13 - 1Copyright McGraw-Hill/Irwin, 2005
Technological Advance
U.S. R&D Expenditures
Role of Entrepreneurs and Other Innovators
A Firm’s Optimal Amount of R&D
Increased Profit via Innovation
Imitation and R&D Incentives
Role of Market Structure
Inverted-U Theory
Technological Advance and Efficiency
Key Terms
PreviousSlide
NextSlide
EndEndShowShow
Technology,R&D, andEfficiency
13C H A P T E R
13 - 2Copyright McGraw-Hill/Irwin, 2005
Technological Advance
U.S. R&D Expenditures
Role of Entrepreneurs and Other Innovators
A Firm’s Optimal Amount of R&D
Increased Profit via Innovation
Imitation and R&D Incentives
Role of Market Structure
Inverted-U Theory
Technological Advance and Efficiency
Key Terms
PreviousSlide
NextSlide
EndEndShowShow
TECHNOLOGICAL ADVANCE• Very Long Run• Invention
–Patent• Innovation
–Product Innovation–Process Innovation
• Diffusion• Modern View of
Technological Advance
13 - 3Copyright McGraw-Hill/Irwin, 2005
Technological Advance
U.S. R&D Expenditures
Role of Entrepreneurs and Other Innovators
A Firm’s Optimal Amount of R&D
Increased Profit via Innovation
Imitation and R&D Incentives
Role of Market Structure
Inverted-U Theory
Technological Advance and Efficiency
Key Terms
PreviousSlide
NextSlide
EndEndShowShow
2002 Data
U.S. R&D EXPENDITURES
Development (Innovation & Imitation)
72%
6%
Basic Research
22%
Applied Research(Invention)
Source: National Science Foundation
13 - 4Copyright McGraw-Hill/Irwin, 2005
Technological Advance
U.S. R&D Expenditures
Role of Entrepreneurs and Other Innovators
A Firm’s Optimal Amount of R&D
Increased Profit via Innovation
Imitation and R&D Incentives
Role of Market Structure
Inverted-U Theory
Technological Advance and Efficiency
Key Terms
PreviousSlide
NextSlide
EndEndShowShow
0 1 2 3 4
Japan
United States
Germany
France
Canada
United Kingdom
Italy
GLOBAL PERSPECTIVER&D Expenditures as a PercentageOf GDP, Selected Nations, 2002
Source: National Science Foundation
13 - 5Copyright McGraw-Hill/Irwin, 2005
Technological Advance
U.S. R&D Expenditures
Role of Entrepreneurs and Other Innovators
A Firm’s Optimal Amount of R&D
Increased Profit via Innovation
Imitation and R&D Incentives
Role of Market Structure
Inverted-U Theory
Technological Advance and Efficiency
Key Terms
PreviousSlide
NextSlide
EndEndShowShow
ROLE OF ENTREPRENEURSAND OTHER INNOVATORS
• Entrepreneurs• Intrapreneurs• Forming Start-Ups• Innovating Within
Existing Firms• Anticipating the Future• Exploiting University &