Showing 1 - 10 of 130
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … detailed measures of knowledge outputs, knowledge investments, and sources of existing knowledge. We find that globally engaged …
Persistent link: https://www.econbiz.de/10012467200
knowledge accumulates as technology progresses, then successive generations of innovators may face an increasing educational … negative implications for growth. I develop a formal model of this "knowledge burden mechanism" and derive six testable … sufficiently rapid increase in the burden of knowledge. In cross-section, the model predicts that specialization and teamwork will …
Persistent link: https://www.econbiz.de/10012467323
Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …
Persistent link: https://www.econbiz.de/10012453175
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …
Persistent link: https://www.econbiz.de/10012458650
of innovation systems in developing countries with a special focus on issues of agricultural poverty. Using examples … drawn from emergent knowledge markets in industrialised countries, the paper suggests that such an analytical approach …
Persistent link: https://www.econbiz.de/10010856509
that firms' knowledge bases must "fit" in order for joint learning and innovation to be possible, and thus for an alliance … social capital considerations. In this paper we emphasize instead the role of complementary knowledge stocks (broadly defined …) in partner selection, arguing not only that knowledge complementarity should not be overlooked, but that is may be the …
Persistent link: https://www.econbiz.de/10010712061
We model knowledge diffusion in a population of agents situated on a network, interacting only over direct ties. Some … (proportion of traders), the network structure (clustering, path length and degree distribution), and the scarcity of knowledge … connected agents do well when knowledge is scarce, agents in clustered neighbourhoods do well when it is abundant. The latter …
Persistent link: https://www.econbiz.de/10010712187
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 analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...
Persistent link: https://www.econbiz.de/10014512109