Showing 1 - 10 of 976
This paper examines the evidence on technology diffusion through trade in differentiated intermediate goods. Because intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an implicit sharing of the technology that was...
Persistent link: https://www.econbiz.de/10012471810
Using data from the Federal Trade Commission's Line of Business Program and survey measures of technological opportunity and appropriability conditions, this paper finds that overall firm size has a very small, statistically in- significant effect on business unit R & D intensity when either...
Persistent link: https://www.econbiz.de/10012476864
Large labs may spawn spin-outs caused by innovations deemed unrelated to the firm's overall business. Small labs generate demand for specialized services that lower entry costs for others. We develop a theoretical framework to study the interplay of these two localized externalities and their...
Persistent link: https://www.econbiz.de/10012460865
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10012462146
, the national pension system, employment security laws and centralized wage setting in Sweden reinforced the distortionary … neutral set of policies and institutions, Sweden's employment distribution is sharply tilted away from lower wage industries … establishments. Compared to other OECD economies, Sweden has the lowest rate of self employment, a dominant role for larger firms …
Persistent link: https://www.econbiz.de/10012473640
This paper studies localization of academic and industrial knowledge spillovers. Using data on U.S. Research and Development laboratories, that quantify spatial aspects of learning about universities and firms as well as their locations, I find that academic spillovers are more localized than...
Persistent link: https://www.econbiz.de/10012470432
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10012470576
Labor mobility is often considered to be an important source of knowledge externalities, making it difficult for firms to appropriate returns to R&D investments. In this paper, I argue that inter-firm transfers of knowledge embodied in people should be analyzed within a human capital framework....
Persistent link: https://www.econbiz.de/10012470909
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
Convergence in per capita income across countries turns on whether technological knowledge spillover are global or local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic basis. A new data set is used which encompasses most of...
Persistent link: https://www.econbiz.de/10012471267