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Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10012461715
innovation in the US economy. Although customers are the most frequent outside source, inventions acquired from technology … sources of invention make a significant contribution to the overall rate of innovation in the economy. Innovation policies …
Persistent link: https://www.econbiz.de/10012458402
While the cumulative nature of knowledge is recognized as central to economic growth, the microeconomic foundations of cumulativeness are less understood. This paper investigates the impact of a research-enhancing institution on cumulativeness, highlighting two effects. First, a selection effect...
Persistent link: https://www.econbiz.de/10012466142
Building on recent advances in the literature on knowledge creation and innovation (notably Carnehl and Schneider (2025 …
Persistent link: https://www.econbiz.de/10015421857
Persistent link: https://www.econbiz.de/10011924580
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …
Persistent link: https://www.econbiz.de/10012458165
"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012460215
a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain …, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations …
Persistent link: https://www.econbiz.de/10012461145
The pace of industrial innovation and growth is shaped by many forces that interact in complicated ways. Profit …
Persistent link: https://www.econbiz.de/10012474586
major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a …
Persistent link: https://www.econbiz.de/10012479842