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Private and Public Investments in Biomedical Research
Durvasula, Maya M.; Ouellette, Lisa Larrimore; … - National Bureau of Economic Research - 2021
Recent policy attention has focused on proposals to reduce prices for drugs that have received public funding. From an implementation perspective, such policies rely on public disclosure of government support for research. In this paper, we highlight two conceptual problems with past attempts to...
Persistent link: https://www.econbiz.de/10012482567
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Comparison and Analysis of Productivity Growth and R&D Investment in theElectrical Machinery Industries of the United States and Japan
Nadiri, M. Ishaq - 1986
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10012477226
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The Myth of the Patient Japanese : Corporate Myopia and Financial Distress in Japan and the US
Hall, Brian J. - 1996
decrease their R&D spending (our main proxy for long-term investment) more than Japanese firms. We find no evidence that this …
Persistent link: https://www.econbiz.de/10012473010
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R&D, Production Structure and Productivity Growth : A Comparison of the US, Japanese and Korean Manufacturing Sectors
Nadiri, M. Ishaq - 1996
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353
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Information Technology and the Japanese Economy
Jorgenson, Dale W. - 2005
In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on … product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input …
Persistent link: https://www.econbiz.de/10012466870
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Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan
Gilchrist, Simon - 2004
and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …
Persistent link: https://www.econbiz.de/10012467958
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Diversification through Trade
Caselli, Francesco - 2015
A widely held view is that openness to international trade leads to higher GDP volatility, as trade increases specialization and hence exposure to sector-specific shocks. We revisit the common wisdom and argue that when country-wide shocks are important, openness to international trade can lower...
Persistent link: https://www.econbiz.de/10012457170
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Heart of Darkness : Modeling Public-Private Funding Interactions Inside the R&D Black Box
David, Paul A. - 2000
This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. Econometric studies in this area report a plethora of sometimes confusing and frequently...
Persistent link: https://www.econbiz.de/10012471237
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Spillovers in Space : Does Geography Matter?
Lychagin, Sergey - 2010
We simultaneously assess the contributions to productivity of three sources of research and development spillovers: geographic, technology and product-market proximity. To do this, we construct a new measure of geographic proximity that is based on the distribution of a firm's inventor locations...
Persistent link: https://www.econbiz.de/10012462468
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The Reorganization of Inventive Activity in the United States during the Early Twentieth Century
Lamoreaux, Naomi R. - 2009
The standard view of U.S. technological history is that the locus of invention shifted during the early twentieth century to large firms whose in-house research laboratories were superior sites for advancing the complex technologies of the second industrial revolution. In recent years this view...
Persistent link: https://www.econbiz.de/10012463209