Showing 1 - 10 of 752
Building on recent advances in the literature on knowledge creation and innovation (notably Carnehl and Schneider (2025 …
Persistent link: https://www.econbiz.de/10015421857
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are...
Persistent link: https://www.econbiz.de/10014337851
of low-carbon energy innovation. These include both improvements in physical capital, such as smart grids to aid … document recent trends in energy innovation and discuss the lessons learnt for policy. We then discuss the potential role for … complementary innovation in both physical capital--using smart grids as an example of how policy can help--and human capital, where …
Persistent link: https://www.econbiz.de/10013361997
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
education, innovation, and entrepreneurship to foster transformative businesses and achieve long-run economic growth … with higher IQ and education levels, significantly drive R&D and business growth, thereby providing substantial …. Our economic model links these dynamics to overall economic progress, highlighting how higher education influences career …
Persistent link: https://www.econbiz.de/10015409797
Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...
Persistent link: https://www.econbiz.de/10014512044
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
Persistent link: https://www.econbiz.de/10012473468
Open source is key to innovation, but we know little about how to incentivize it. In this paper, we examine the impact …'s launch. The second is that the actual receipt of sponsorship has a long-lasting negative effect on innovation, as measured by …
Persistent link: https://www.econbiz.de/10014372425
Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to innovate. On the other hand, many experts worry that these advances entail existential risk: creating a superintelligence misaligned with human...
Persistent link: https://www.econbiz.de/10014436968
This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...
Persistent link: https://www.econbiz.de/10012467175