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Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question: can we increase number of inventors? To answer this question, we study the causal effect of M.Sc. engineering education on invention, using data on U.S. patents’ Finnish...
Persistent link: https://www.econbiz.de/10009275968
Using the 2003 National Survey of College Graduates, I examine how immigrants perform relative to natives in activities likely to increase U.S. productivity, according to the type of visa on which they first entered the United States. Immigrants who first entered on a student/trainee visa or a...
Persistent link: https://www.econbiz.de/10008468510
The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is … technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational … innovation in countries with low EPL. …
Persistent link: https://www.econbiz.de/10008530372
productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning …
Persistent link: https://www.econbiz.de/10005114510
"Chen and Dahlman assess the effects of knowledge on economic growth. By using an array of indicators, each of which … represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period … 1960 to 2000, they show that knowledge is a significant determinant of long-term economic growth. In particular, the …
Persistent link: https://www.econbiz.de/10010522968
innovation-driven economy. Part 2 describes the policies to be implemented in key areas of the knowledge economy: governance … improved their global competitiveness by taking the first steps in the direction of the knowledge economy. The World Bank Group … entrepreneurial economies, preparing a better-educated and skilled population, improving capabilities for innovation and research, and …
Persistent link: https://www.econbiz.de/10012560674
Persistent link: https://www.econbiz.de/10012245410
, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …
Persistent link: https://www.econbiz.de/10005497933
What are the consequences of resource-based regional specialization, when it persists over a long period of time? While much of the literature argues that specialization is beneficial, recent work suggests it may be costly in the long run, due to economic or political reasons. I examine this...
Persistent link: https://www.econbiz.de/10005123671
Transition economies have an initial condition of high human capital relative to GDP per capita, giving them high growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of their family backgrounds and invest substantially in their...
Persistent link: https://www.econbiz.de/10005124062