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Empirical Test of Economic Model for Innovation in the Chemical Industry

机译:化工行业创新经济模型的实证检验

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The object of this report was to develop a model describing the innovation process in the chemical industry. The model developed provides a means of measuring and analyzing the impacts on innovation of various regulations. Of particular interest is the Toxic Substance Control Act (TSCA), which many critics argue has had a detrimental impact on innovation in the Chemical industry. First, a model of the innovation process is developed. This model contains three equations, which are also estimated using available data. The model works well explaining a great deal about the innovation process. Second, an attempt was made to analyze the impacts of TSCA. The data needed to complete a complete analysis of TSCA.

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