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Innovation and Institutional Ownership
Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Fondazione ENI Enrico Mattei (FEEM) - 2010
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10008642166
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Intellectual Property Rights and Biotechnology: How to Improve the Present Patent System
Musu, Ignazio - Fondazione ENI Enrico Mattei (FEEM) - 2005
are two types of problems to consider. First, the aim of protecting property rights on innovations is to create incentives … solved, as sometimes is suggested, by denying protection of property rights on innovations, but by improving the procedures …
Persistent link: https://www.econbiz.de/10005385494
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The Environment and Directed Technical Change: Comment
Hourcade, Jean-Charles; Pottier, Antonin; Espagne, Etienne - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield...
Persistent link: https://www.econbiz.de/10009421239
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Solar Grid Parity Dynamics in Italy: A Real Option Approach
Biondi, Tommaso; Moretto, Michele - Fondazione ENI Enrico Mattei (FEEM) - 2013
Over the past three years Italy has witnessed a rapid growth in the photovoltaic energy market, followed by an equally sudden decline when the government decided to reduce the incentives. This sharp change in the trend of the market calls into question the achievement of Grid Parity and the...
Persistent link: https://www.econbiz.de/10010904929
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Multiproduct Multinationals and the Quality of Innovation
Bakhtiari, Sasan; Minniti, Antonio; Naghavi, Alireza - Fondazione ENI Enrico Mattei (FEEM) - 2013
This research sheds light on the role of multinational production on the type of innovation performed by firms. We construct matched firm-patent data to measure the scope of innovation, that is the extent to which the output of R&D can be spread across different product lines. We focus on two...
Persistent link: https://www.econbiz.de/10010941690
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Energy Biased Technical Change: A CGE Analysis
Otto, Vincent M.; Löschel, Andreas; Dellink, Rob - Fondazione ENI Enrico Mattei (FEEM) - 2005
This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the...
Persistent link: https://www.econbiz.de/10005230848
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On the Mechanism of International Technology Diffusion for Energy Technological Progress
Jin, Wei; Zhang, ZhongXiang - Fondazione ENI Enrico Mattei (FEEM) - 2015
International diffusion of energy-saving technologies has received considerable attention in recent energy and climate economics studies. As a helpful methodological complement to the existing large-scale CGE/IAM–based modelling for energy and climate policy studies, this paper contributes to...
Persistent link: https://www.econbiz.de/10011268611
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Notes on the Determinants of Innovation: A Multi-Perspective Analysis
Crespi, Francesco - Fondazione ENI Enrico Mattei (FEEM) - 2004
The study of innovation and technological change is an increasing field of economic enquire because innovation can be considered a major engine of growth. This paper is concerned with the determinants of innovation and technological change. Different theoretical approaches present in the...
Persistent link: https://www.econbiz.de/10005385464
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On the Mechanism of International Technology Diffusion for Energy Productivity Growth
Jin, Wei; Zhang, ZhongXiang - Fondazione ENI Enrico Mattei (FEEM) - 2014
energy productivity growth. We draw on the Solow growth model to build a benchmark exogenous framework to explore the basic … growth rates of energy productivity are the same across countries in the balanced growth path equilibrium, but the cross … levels of energy productivity. The economy that has a stronger capacity of assimilating foreign technology diffusion and …
Persistent link: https://www.econbiz.de/10010770383
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From Energy-intensive to Innovation-led Growth: On the Transition Dynamics of China’s Economy
Jin, Wei; Zhang, ZhongXiang - Fondazione ENI Enrico Mattei (FEEM) - 2014
Whether China continues its current energy-intensive growth path or adopts a sustainable development prospect has significant implication for energy and climate governance. Building on a Ramsey-Cass-Koopmans growth model incorporating the mechanism of endogenous technological change and its...
Persistent link: https://www.econbiz.de/10011162071