Innovation and the Business Cycle: A Comparison of the U.S. Semiconductor and Automobile Industries. Innovation and the Business Cycle: A Comparison of the U.S. Semiconductor and Automobile Industries.

Innovation and the Business Cycle: A Comparison of the U.S. Semiconductor and Automobile Industries‪.‬

International Advances in Economic Research 2006, May, 12, 2

International Advances in Economic Research
    • €2.99
    • €2.99

Publisher Description

Abstract This paper examines data for U.S. automotive and semiconductor firms from 1976 to 2000 to analyze the cyclical nature of innovation, and to find if it is the same across the two industries. Although previous studies have used aggregate data, it does not follow that distinct industries respond to economic fluctuations in the same way. Using patenting as a proxy for innovation, this study finds that there is evidence that innovation is procyclical in the semiconductor industry, but there does not appear to be a similar cyclical pattern in the automobile industry. This has implications for government policy aimed at increasing private sector innovation, particularly at the regional level. (JEL L6)

GENRE
Business & Personal Finance
RELEASED
2006
1 May
LANGUAGE
EN
English
LENGTH
19
Pages
PUBLISHER
Atlantic Economic Society
PROVIDER INFO
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
283.2
KB

More Books Like This

Entrepreneurship, Growth, and Innovation Entrepreneurship, Growth, and Innovation
Entrepreneurship, Growth, and Innovation
2006
The Theory of Technological Change and Economic Growth The Theory of Technological Change and Economic Growth
The Theory of Technological Change and Economic Growth
2006
Innovation, Globalization and Firm Dynamics Innovation, Globalization and Firm Dynamics
Innovation, Globalization and Firm Dynamics
2014
The Variance Composition of Firm Growth Rates (Report) The Variance Composition of Firm Growth Rates (Report)
The Variance Composition of Firm Growth Rates (Report)
2009
Knowledge Economy, Information Technologies and Growth Knowledge Economy, Information Technologies and Growth
Knowledge Economy, Information Technologies and Growth
2017
Productivity Growth in Developing Countries Productivity Growth in Developing Countries
Productivity Growth in Developing Countries
2012

More Books by International Advances in Economic Research

Homeownership and Housing Equity: An Examination of Native- Immigrant Differences in Housing Wealth (Report) Homeownership and Housing Equity: An Examination of Native- Immigrant Differences in Housing Wealth (Report)
Homeownership and Housing Equity: An Examination of Native- Immigrant Differences in Housing Wealth (Report)
2011
Minority Banks and Minority Communities: Are Minority Banks Good Neighbors?(Statistical Data Included) (Industry Overview) Minority Banks and Minority Communities: Are Minority Banks Good Neighbors?(Statistical Data Included) (Industry Overview)
Minority Banks and Minority Communities: Are Minority Banks Good Neighbors?(Statistical Data Included) (Industry Overview)
2004
Have the Implications of Twin Deficits Changed? Sudden Stops over Decades. Have the Implications of Twin Deficits Changed? Sudden Stops over Decades.
Have the Implications of Twin Deficits Changed? Sudden Stops over Decades.
2011
Foreign Trade Patterns Between Estonia and the EU (Report) Foreign Trade Patterns Between Estonia and the EU (Report)
Foreign Trade Patterns Between Estonia and the EU (Report)
2010
Testing Sensitivity of Student Enrollment with Respect to Tuition at an Institution of Higher Education. Testing Sensitivity of Student Enrollment with Respect to Tuition at an Institution of Higher Education.
Testing Sensitivity of Student Enrollment with Respect to Tuition at an Institution of Higher Education.
2004
Ownership Structure, Corporate Governance, And Enterprise Performance: Empirical Results for Ukraine (Statistical Data Included) Ownership Structure, Corporate Governance, And Enterprise Performance: Empirical Results for Ukraine (Statistical Data Included)
Ownership Structure, Corporate Governance, And Enterprise Performance: Empirical Results for Ukraine (Statistical Data Included)
2004