Economics, Econometrics and Finance
3 years ago

Demand-driven innovation boosts economy, reshaping growth policies and firm success.

RePEc: Research Papers in Economics
Productivity, Profitability and Growth
Marek Ignaszak, Petr Sedláček

Paper Summary

Firm growth and innovation are driven by demand, not just productivity. By analyzing U.S. Census data, researchers found that 20% of overall growth is influenced by demand. This means that policies promoting growth need to consider demand-driven factors, not just productivity, to be effective.

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