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Measuring the Commercial Potential of Science
Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
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Reconciling Models of Diffusion and Innovation : A Theory of the Productivity Distribution and Technology Frontier
Benhabib, Jess - 2017
We study how innovation and technology diffusion interact to endogenously determine the productivity distribution and … balance of adoption and innovation determines the shape of the distribution; innovation stretches the distribution, while … adoption compresses it. Whether and how innovation and diffusion contribute to aggregate growth depends on the support of the …
Persistent link: https://www.econbiz.de/10012455586