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I show that in a conventional Ramsey model, between one-fourth and one-half of the global income distribution can be explained by a single factor: The effect of large, persistent differences in national average IQ on the private marginal product of labor. Thus, differences in national average IQ...
Persistent link: https://www.econbiz.de/10005069328
Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...
Persistent link: https://www.econbiz.de/10005407739
I show that in a conventional Ramsey model, between one-fourth and one- half of income differences across countries can be explained by a single factor: The steady-state effect of large, persistent differences in national average IQ on worker productivity. These differences in cognitive...
Persistent link: https://www.econbiz.de/10005118848
firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …
Persistent link: https://www.econbiz.de/10005407643
in this area uses “backward” citations to measure technological knowledge acquired by the patenting entities studied …. “Forward” citations (citations to the firm’s patents made by other patents) have been interpreted as a measure of the knowledge … good measure of knowledge flows. Our paper assesses the legitimacy of using European patent citations as a measure of …
Persistent link: https://www.econbiz.de/10005118706
issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product …
Persistent link: https://www.econbiz.de/10005118819