The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the …

This paper directs attention at the globalization of knowledge and knowledge creation as the fundamental global driver … of economic outcomes in today's information economy. It documents the globalization of knowledge and spread of scientific …; boosts labor standards; and influences incomes and inequality within and across countries. To the extent that knowledge is …

long to train, but also how broadly. A "knowledge trap" occurs in economies where skilled workers favor broad but shallow … knowledge. This simple idea can inform cross-country income differences, international trade patterns, poverty traps, and price …

How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational … firms to answer this fundamental question. In our model firms can transfer bits of knowledge to their foreign affiliates in … either embodied (traded intermediates) or disembodied form (direct communication). Knowledge transfer costs interact with the …

Building on recent advances in the literature on knowledge creation and innovation (notably Carnehl and Schneider (2025 …-enhancing technology capable of interpolating between known points of knowledge. Our framework formalises the trade-off between AI …'s coverage-- its ability to span wider knowledge gaps--and its accuracy, and reveals the surprising result that, beyond producing …

university scientists in which valuable tacit knowledge is transferred in both directions. We provide suggestive evidence that …-tech firms have adopted a strategy of operating near the edge of the scientific envelope where high levels of tacit knowledge …

We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and … established firms, which account for more than three-quarters of business R&D, is affected by scientific knowledge produced by … commercialize university inventions. Moreover, abstract knowledge advances per se elicit little or no response. Our findings …

organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … detailed measures of knowledge outputs, knowledge investments, and sources of existing knowledge. We find that globally engaged … information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation …