Anatomy of the 3D Innovation Production with the Cobb-Douglas Specification

Sociology Study, Volume 3, Number 1, pp. 69-78, January 2013

10 Pages Posted: 2 May 2013

See all articles by Quan Hoang Vuong

Quan Hoang Vuong

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management; Phenikaa University

Nancy K. Napier

Boise State University - College of Business & Economics

Date Written: January 30, 2013

Abstract

This paper focuses on verifying the relevance of two theoretical propositions and related empirical investigation about the relationship between creativity and entrepreneurship. It draws upon a creativity process that considers three “dimensions” or “disciplines” (3D) critical for creative organizations — within discipline expertise, out of discipline knowledge, and a disciplined creative process. The paper first explores the Cobb‐Douglas production function as a relevant tool for modeling the 3D creative process. The next part discusses the 3D process as a production function, which is modeled following the well‐known Cobb‐Douglas specification. Last, the paper offers implications for future research on disciplined creativity/innovation as a method of improving organizations’ creative performance.

The modeling shows that labor and investment can readily enter into the 3D creativity process as inputs. These two inputs are meaningful in explaining where innovation outputs come from and how they can be measured, with a reasonable theoretical decomposition. It is not true that the more capital investments in the creativity process, the better the level of innovation production, but firm’s human resource management and expenditures should pay attention to optimal levels of capital and labor stocks, in a combination that helps reach highest possible innovation output.

Keywords: Organization of production, firm behavior, business economics, creativity/innovation processes, Cobb‐Douglas production function

JEL Classification: D21, L23, M21, O31

Suggested Citation

Vuong, Quan Hoang and Napier, Nancy K., Anatomy of the 3D Innovation Production with the Cobb-Douglas Specification (January 30, 2013). Sociology Study, Volume 3, Number 1, pp. 69-78, January 2013, Available at SSRN: https://ssrn.com/abstract=2258605

Quan Hoang Vuong (Contact Author)

Université Libre de Bruxelles (ULB) - Solvay Brussels School of Economics and Management ( email )

ULB CP 145/01
21 Ave. F.D. Roosevelt
Brussels, Bruxelles 1050
Belgium
+32-2-6504864 (Phone)
+32-2-6504188 (Fax)

HOME PAGE: http://www.ceb-ulb.com/vuong-quan-hoang.html

Phenikaa University ( email )

To Huu road, Yen Nghia
Ha Dong district
Hanoi, Hanoi 100803
Vietnam

HOME PAGE: http://sites.google.com/site/vuongqh2019/

Nancy K. Napier

Boise State University - College of Business & Economics ( email )

1910 University Drive
Boise, ID 83725
United States
208 426-1314 (Phone)
208 426-3637 (Fax)

HOME PAGE: http://cobe.boisestate.edu/graduate/faculty/VITAES/html%20format/Nancy%20Napier.htm

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