Markets for technology in Europe - mapping demand and its drivers


Grimpe, Christoph ; Sofka, Wolfgang ; Schulz, Philipp ; Borchhardt, Geoffrey Thilo


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URL: https://madoc.bib.uni-mannheim.de/53449
URN: urn:nbn:de:bsz:180-madoc-534495
Document Type: Working paper
Year of publication: 2019
The title of a journal, publication series: ZEW Discussion Papers
Volume: 19-043
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: L10 , O32 , O34,
Keywords (English): markets for technology , demand side , patterns of innovation , sectoral studies
Abstract: Functioning markets for technology are an important determinant for the type, scope and distribution of innovation activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes such imperfections to the supply side or differences in market designs. We know comparatively little, though, about the structural forces that shape the demand side of markets for technology. In this study, we reason that demand depends on the sectoral pattern of innovation and the distance of acountry’s industry to the global technological frontier. We explore these dimensions based on longitudinal industry-level data from the Community Innovation Survey. We find that the demand on markets for technology is particularly driven by science-based industries and to a lesser degree by scale-intensive industries. Demand decreases, though, the closer industries are to the technological frontier. These findings highlight sector specific opportunities and constraints for policies promoting markets for technology.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Grimpe, Christoph ; Sofka, Wolfgang ; Schulz, Philipp ; Borchhardt, Geoffrey Thilo (2019) Markets for technology in Europe - mapping demand and its drivers. Open Access ZEW Discussion Papers Mannheim 19-043 [Working paper]
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