The Relationship Between Profitability, Innovation and
Technology Gap: A Basic Model

J 2014

The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model

KRČÁL, Ondřej

Základní údaje

Originální název

The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model

Autoři

KRČÁL, Ondřej

Vydání

Národohospodářský obzor – Review of Economic Perspectives, Brno, Masaryk University, 2014, 1213-2446

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/14:00076912

Organizační jednotka

Ekonomicko-správní fakulta

Klíčová slova česky

inovace; technologická mezera; zisky; obrácená U křivka

Klíčová slova anglicky

innovation; technology gap; profits; inverted-U relationship

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 9. 4. 2015 10:44, Mgr. et Mgr. Nikol Zachovalová Barochová

Anotace

V originále

This paper introduces a model of innovation that explains some of the stylized facts presented in recent empirical literature. In the model, firms choose R and D expenditures that maximize their expected profits under the assumption that R and D expenditures of firms might be constrained by the size of their profits. Optimal decisions of firms generate relationships between profitability and innovation of individual firms that may create the observed patterns at the industry level. In particular, the model is able to explain an inverted-U relationship between profitability and innovation in the industry together with decreasing or flat and concave relationships between profitability and the dispersion of productivity in the industry. Additionally, the paper investigates the parameter space for which the model generates the observed relationships.

Návaznosti

MUNI/A/0781/2013, interní kód MU

Název: Regulace trhu dopravních služeb – modely, metody a aplikace (Akronym: ReDoS)

Investor: Masarykova univerzita, Regulace trhu dopravních služeb – modely, metody a aplikace, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

KRČÁL, Ondřej. The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model. Národohospodářský obzor – Review of Economic Perspectives. Brno: Masaryk University, 2014, roč. 14, č. 3, s. 215-231. ISSN 1213-2446. Dostupné z: https://doi.org/10.2478/revecp-2014-0011.

@article{1203350,
   author = {Krčál, Ondřej},
   article_location = {Brno},
   article_number = {3},
   doi = {https://doi.org/10.2478/revecp-2014-0011},
   keywords = {innovation; technology gap; profits; inverted-U relationship},
   language = {eng},
   issn = {1213-2446},
   journal = {Národohospodářský obzor – Review of Economic Perspectives},
   title = {The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model},
   url = {http://nho.econ.muni.cz/14-2014/3-2014/relationship-between-profitability-innovation-and-technology-gap-basic-model},
   volume = {14},
   year = {2014}
}

TY  - JOUR
ID  - 1203350
AU  - Krčál, Ondřej
PY  - 2014
TI  - The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model
JF  - Národohospodářský obzor – Review of Economic Perspectives
VL  - 14
IS  - 3
SP  - 215-231
EP  - 215-231
PB  - Masaryk University
SN  - 12132446
KW  - innovation
KW  - technology gap
KW  - profits
KW  - inverted-U relationship
UR  - http://nho.econ.muni.cz/14-2014/3-2014/relationship-between-profitability-innovation-and-technology-gap-basic-model
L2  - http://nho.econ.muni.cz/14-2014/3-2014/relationship-between-profitability-innovation-and-technology-gap-basic-model
N2  - This paper introduces a model of innovation that explains some of the stylized facts presented in recent empirical literature. In the model, firms choose R and D expenditures that maximize their expected profits under the assumption that R and D expenditures of firms might be constrained by the size of their profits. Optimal decisions of firms generate relationships between profitability and innovation of individual firms that may create the observed patterns at the industry level. In particular, the model is able to explain an inverted-U relationship between profitability and innovation in the industry together with decreasing or flat and concave relationships between profitability and the dispersion of productivity in the industry. Additionally, the paper investigates the parameter space for which the model generates the observed relationships.
ER  -

KRČÁL, Ondřej. The Relationship Between Profitability, Innovation and Technology Gap: A Basic Model. \textit{Národohospodářský obzor – Review of Economic Perspectives}. Brno: Masaryk University, 2014, roč.~14, č.~3, s.~215-231. ISSN~1213-2446. Dostupné z: https://doi.org/10.2478/revecp-2014-0011.

Přehled o publikaci