Handbook of the Economics of Innovation

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.

Expert articles consider the best ways to establish optimal incentives in technological progressScience and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfareEconomists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies

Volume 2

I. Diffusion The diffusion of new technology General purpose technologies International trade, foreign direct investment, and technology spillovers

II. Innovation Outcomes Innovation and economic development Energy, the environment, and technological change The economics of innovation and technical change in agriculture

III. Measurement of Innovation Growth accounting Returns to R&D and productivity Patent statistics as innovation indicators Using innovation surveys for econometric analysis

IV. Policy Towards Innovation Systems of innovation Economics of technology policy Military R&D and innovation