Showing 1 - 10 of 98
This review considers the evolution of economic thinking on the relationship between digital technology and inequality across four decades, encompassing four related but intellectually distinct paradigms, which I refer to as the education race, the task polarization model, the...
Persistent link: https://www.econbiz.de/10013210102
We use 29 OECD countries data spanning over 1960-2000 to study the growth strategy when countries are close to the technology frontier. Relying on a semi-parametric generalized additive model, we estimate labor productivity equations. We find that the number of agents enrolled in higher...
Persistent link: https://www.econbiz.de/10010712017
exchanging ideas, solving work-related problems, generating new knowledge …
Persistent link: https://www.econbiz.de/10012464513
In this paper we study how aggregate output responds to the arrival of a new General Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor markets. We show that under a wide set of circumstances the arrival of a new GPT that raises long-run output can trigger a...
Persistent link: https://www.econbiz.de/10012472257
Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the scale of the economy to grow over time. Increasing...
Persistent link: https://www.econbiz.de/10012472528
) from upper-tail knowledge. As a proxy for the historical presence of knowledge elites, we use city-level subscriptions to … firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10012458447
examines the knowledge-based determinants of productivity of firms active in food processing, textiles, and garments and … leather products. In particular, it seeks to investigate the importance of various sources of knowledge in explaining … productivity in the different industries. The knowledge sources driving productivity performance are very different across sectors …
Persistent link: https://www.econbiz.de/10010856466
relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …
Persistent link: https://www.econbiz.de/10012471503
If innovation is to be subsidized, a natural place to start is to increase the quantity and quality of human capital …. Innovation, after all, begins with people. Simply stimulating the "demand side" through R&D subsidies and tax breaks may only … can both directly increase innovation and reduce its cost. This paper examines the evidence on human capital policies for …
Persistent link: https://www.econbiz.de/10012510591
Innovation policy can be a crucial component of governments' responses to crises. Because speed is a paramount … objective, crisis innovation may also require different policy tools than innovation policy in non-crisis times, raising … distinct questions and tradeoffs. In this paper, we survey the U.S. policy response to two crises where innovation was crucial …
Persistent link: https://www.econbiz.de/10012585399