Showing 1 - 10 of 22
Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation … several contexts for research in innovation. We benchmark and demonstrate the benefits of this approach in the context of 44 …
Persistent link: https://www.econbiz.de/10013435165
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
We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...
Persistent link: https://www.econbiz.de/10014287391
, the forces of innovation and diffusion combine to shape trade substitution patterns. Innovation makes a country … technological similarity and increases head-to-head competition. In the special case of an innovation-only model where countries do … observable trade flows and the dynamics of innovation and knowledge diffusion …
Persistent link: https://www.econbiz.de/10012814404
We study the optimal allocation of R&D resources in an endogenous growth model with an innovation network, through … more R&D toward key sectors that are upstream in the innovation network. Second, we extend to an open-economy setting and … spillovers has less incentive to direct resources toward innovation-upstream sectors, leading to cross-country differences in …
Persistent link: https://www.econbiz.de/10012794633
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
). We present models in the literature that extend the EK model of trade to innovation, diffusion, and multinational firms …
Persistent link: https://www.econbiz.de/10012480722
Scientific freedom and openness are hallmarks of academia: relative to their counterparts in industry, academics maintain discretion over their research agenda and allow others to build on their discoveries. This paper examines the relationship between openness and freedom, building on recent...
Persistent link: https://www.econbiz.de/10012463828
The development prospects of a poor country depend in part on its capacity for innovation. The productivity of its …
Persistent link: https://www.econbiz.de/10012464057
This paper documents the major transformation of higher education that has been underway in China since 1999 and evaluates its potential global impacts. Reflecting China's commitment to continued high growth through quality upgrading and the production of ideas and intellectual property as set...
Persistent link: https://www.econbiz.de/10012464797