Showing 1 - 10 of 127
processes for screening entrepreneurs. Every existing screening process, however, becomes less effective as technology advances …
Persistent link: https://www.econbiz.de/10008528522
Can stringent labor laws be efficient? Possibly, if they provide firms with a commitment device to not punish short-run failures and thereby incentivize the pursuit of value-maximizing innovative activities. In this paper, we provide empirical evidence that strong labor laws indeed appear to...
Persistent link: https://www.econbiz.de/10004980205
Do legal institutions governing financial contracts affect the nature of real investments in the economy? We develop a simple model and provide evidence that the answer to this question is yes. We consider a levered firm's choice of investment between innovative and conservative technologies, on...
Persistent link: https://www.econbiz.de/10005136739
We develop a model that incorporates salient features of growth in modern economies. We combine the expanding-variety growth model through horizontal innovations with a hierarchy of basic and applied research. The former extends the knowledge base, while the latter commercializes it. Two-way...
Persistent link: https://www.econbiz.de/10008466343
Producing high technology output and supplying sophisticated services often involves costly investment in industry …-specific skills. But the threat of poaching means that it is the individual ‘stakeholder’, not the firm, who must bear the cost. We …
Persistent link: https://www.econbiz.de/10005504300
technology (like R&D). Technologies can account for up to a quarter of the growth in demand for the college educated in the …
Persistent link: https://www.econbiz.de/10008553070
differences, unobserved region-industry factor quality differences and variation in production technology across industries. We … findings, including multiple cones of diversification, region-industry technology differences, agglomeration, and increasing …
Persistent link: https://www.econbiz.de/10005123669
relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate … find that the technology intensities of downstream (producer) and upstream (supplier) industries have opposite effects on … measures of technology intensity, with alternative estimation strategies, and with or without controlling for a number of firm …
Persistent link: https://www.econbiz.de/10005123944
computerization instead of R&D as a measure of technology; (iv) in the Anglo-Saxon countries a maximum of one-third of the aggregate …
Persistent link: https://www.econbiz.de/10005124191
management, as a key factor. A model of the interaction between technology, organization and economic performance is then … adjustment in technology-using sectors if it is not suited to the social capabilities of the society; (4) reversal of …
Persistent link: https://www.econbiz.de/10005124451