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Trapped factors and China’s impact on global growth
Bloom, Nicholas; Romer, Paul; Terry, Stephen; Van … - London School of Economics (LSE) - 2014
long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated … inside firms, which lowers the opportunity cost of innovation, generating an additional “trapped factor” effect. Starting …
Persistent link: https://www.econbiz.de/10011126023
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IT and management in America
Bloom, Nicholas; Brynjolfsson, Erik; Foster, Lucia; … - London School of Economics (LSE) - 2014
, higher rates of innovation and faster employment growth. Second, there is a substantial dispersion of management practices …
Persistent link: https://www.econbiz.de/10011125935
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Innovation, reallocation and growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - London School of Economics (LSE) - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010745637
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What are the channels for technology sourcing? Panel data evidence from German companies
Harhoff, Dietmar; Mueller, Elisabeth; Van Reenen, John - London School of Economics (LSE) - 2013
Innovation processes within corporations increasingly tap into international technology sources, yet little is known … about the relative contribution of different types of innovation channels. We investigate the effectiveness of different …
Persistent link: https://www.econbiz.de/10011071311
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Technology, information and the decentralization of the firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - London School of Economics (LSE) - 2006
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10010884642