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What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...
Persistent link: https://www.econbiz.de/10005126129
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
process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany … CIS data. It establishes a theoretical link between employment growth and innovation output. The econometric analysis …
Persistent link: https://www.econbiz.de/10005118792
constrain this structure in a given market are the rate of scientific (basic) discoveries that permit innovation productivity …This paper presents a dynamic partial equilibrium model that endogenizes firms' investment decision on innovation …: product innovation causes horizontal expansion growth, and process innovation causes vertical expansion growth. Market …
Persistent link: https://www.econbiz.de/10005134434
A growth model with endogenous innovation and accumulation of high-tech and low- tech human capital is developed. The …
Persistent link: https://www.econbiz.de/10005118667
We examine the contribution of incremental and radical innovations to total factor productivity (TFP) growth at the … 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 …
Persistent link: https://www.econbiz.de/10005407643
This study analyses the role played by adjustment costs and R&D investment prices in total R&D productivity. The … results show that on average, for each monetary unit increase in adjustment costs produces a fall in productivity of 0 …
Persistent link: https://www.econbiz.de/10005556044
The formulation of a competitive strategy implies an extended understanding, in terms of the industrial structures, of the mains fields where the nations compete and those structures evolve. The environmental conditions of a region, and of its industries, determine both the generic strategies,...
Persistent link: https://www.econbiz.de/10005118851
We utilize county-level data to explore growth determination in the U.S. and possible heterogeneity in growth determination across individual states. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. We use a consistent two stage least squares...
Persistent link: https://www.econbiz.de/10005118829
This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that firms endogenously form a number of distinguishable...
Persistent link: https://www.econbiz.de/10005407691