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Does Too Much Work Hamper Innovation? Evidence for Diminishing Returns of Work Hours for Patent Grants
Journal Global Policy and Governance
View Archive Info| Field | Value | |
| Title |
Does Too Much Work Hamper Innovation? Evidence for Diminishing Returns of Work Hours for Patent Grants
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| Creator |
Celbis, Mehmet G.
Turkeli, Serdar |
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| Subject |
Innovation – Patents - Working Hours – Time - Neo-Capital Theories - Network Failures
O30 - O31- J08 - J22 - M5 |
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| Description |
This study suggests that individual time is an important factor that needs to be considered in innovation research. We define two types of time: work time and free time. We find that work time has a positive but diminishing effect on innovative output such that after a certain point the innovation-enhancing role of work time is taken over by individual free time. Using a sample of OECD countries and Russia covering the period 2000-2011, we estimate a quadratic relationship between work time and per capita innovative output. For a hypothetical economy that has no other holidays but weekends, we estimate that individuals should not work more than about 6.6 hours a day for maximizing innovative output. We also present a categorization of countries based on their innovative output and work hours that may kindle interest for certain case-specific future research.
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| Publisher |
Journal Global Policy and Governance
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| Date |
2015-08-17
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://transitionacademiapress.org/jgpg/article/view/52
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| Source |
Journal Global Policy and Governance; Vol 4, No 1 (2015); 97-116
2194-7759 2194-7740 |
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| Language |
eng
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| Relation |
http://transitionacademiapress.org/jgpg/article/view/52/30
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| Rights |
Copyright (c) 2015 Journal Global Policy and Governance
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