Showing 1 - 10 of 109
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
basically depends on material and relational goods, we show that the best-case scenarios hold when technology and social capital … technology and social interaction balance one another in fostering the growth of both the social and the private sector of the … economy. Along such tracks, technology may play a crucial role in supporting a “socially sustainable” economic growth. …
Persistent link: https://www.econbiz.de/10008642149
power of exclusion which limits access by others to the newly produced knowledge. However, the production of new knowledge …
Persistent link: https://www.econbiz.de/10005385494
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
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
This research sheds light on the role of multinational production on the type of innovation performed by firms. We … spread across different product lines. We focus on two features of multinational production: (i) core knowledge is … geographically more difficult to transfer abroad to foreign production sites, (ii) learning spillovers can occur from international …
Persistent link: https://www.econbiz.de/10010941690
solution in which only technologies are developed that are appropriate for production of non-energy intensive goods. …
Persistent link: https://www.econbiz.de/10005230848
the fundamental mechanism of international technology diffusion for energy technological growth. We first develop an … is described as an expansion of energy technology variety. We show that in both models there is a cross …-country convergence in the growth rate of energy technology in a long-run balanced growth path, but the absolute levels of energy …
Persistent link: https://www.econbiz.de/10011268611
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
to developing a simple, intuitive analytical framework to unveil the mechanism of international technology diffusion for … mechanism of energy technology diffusion. This exogenous model is then extended to a Romer-type endogenous one where the R …&D-induced expansion of energy technology varieties is used to represent the deep structure of technology diffusion. We show that the …
Persistent link: https://www.econbiz.de/10010770383