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to enable innovations, and thus improve productivity. We hypothesize that a knowledge stock of process-oriented R …&D increases total factor productivity growth by leveraging traditional forms of capital and labor, and further enhances the … ability of IT capital to increase productivity. We estimate these relationships using two broad panels of US industries …
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We propose an alternative method for investigating whether firms improve performance through mergers after taking into account the selection bias of merging firms. We simultaneously consider the dynamics of firm performance and the merger decision by employing full information maximum likelihood...
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for a dynamic interaction in explaining total factor productivity (TFP). Relative to the existing literature, our model …
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particular, an increase in the volatility of idiosyncratic productivity shocks significantly decreases aggregate output without …
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The innovation capacity of a system can be measured as the synergy in interactions among its parts. Synergy can be … considered as a consequence of negative entropies among three parts of the system. We analyze the development of synergy value in … the Norwegian innovation system in terms of mutual information among geographical, sectorial, and size distributions of …
Persistent link: https://www.econbiz.de/10012158355