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Measuring the Commercial Potential of Science
Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024
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
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Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data
Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977
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Where Have All the "Creative Talents" Gone? Employment Dynamics of US Inventors
Akcigit, Ufuk; Goldschlag, Nathan - National Bureau of Economic Research - 2023
How are inventors allocated in the US economy and does that allocation affect innovative capacity? To answer these questions, we first build a model of creative destruction where an inventor with a new idea has the possibility to work for an entrant or incumbent firm. If the inventor works for...
Persistent link: https://www.econbiz.de/10014248003
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Measuring the Characteristics and Employment Dynamics of U.S. Inventors
Akcigit, Ufuk; Goldschlag, Nathan - National Bureau of Economic Research - 2023
analyses. We address this by introducing a new dataset linking patent inventors to survey, census, and administrative microdata …
Persistent link: https://www.econbiz.de/10014248004
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Personal Bankruptcy Law and Innovation around the World
Cumming, Douglas J.; Morck, Randall; Rong, Zhao; Zhang, … - National Bureau of Economic Research - 2024
Because corporate limited liability protects founder's personal assets, creditors often require founders of new, small and risky firms to contract around limited liability by pledging their personal assets as collateral for loans to their firms. This makes personal bankruptcy law (PBL) relevant...
Persistent link: https://www.econbiz.de/10015056150
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Mapping the Knowledge Space : Exploiting Unassisted Machine Learning Tools
Teodoridis, Florenta; Lu, Jino; Furman, Jeffrey L. - National Bureau of Economic Research - 2022
Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation. Progress on this topic has been inhibited by difficulties in measuring distance and movement in knowledge space. We describe a methodology that infers the mapping of the...
Persistent link: https://www.econbiz.de/10013435165
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(Co-)Working in Close Proximity : Knowledge Spillovers and Social Interactions
Roche, Maria P.; Oettl, Alexander; Catalini, Christian - National Bureau of Economic Research - 2022
We examine the influence of physical proximity on between-startup knowledge spillovers at one of the largest technology co-working hubs in the United States. Relying on the random assignment of office space to the hub's 251 startups, we find that proximity positively influences knowledge...
Persistent link: https://www.econbiz.de/10013334339
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The Effect of Public Science on Corporate R&D
Arora, Ashish; Belenzon, Sharon; Cioaca, Larisa C.; … - National Bureau of Economic Research - 2023
We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and invention. We identify the relationships through firm-specific exposure to changes in federal agency R\&D budgets that are driven by the political composition of congressional...
Persistent link: https://www.econbiz.de/10014437030
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Techies and Firm Level Productivity
Harrigan, James; Reshef, Ariell; Toubal, Farid - National Bureau of Economic Research - 2023
We study the impact of techies--engineers and other technically trained workers--on firm-level productivity. We first … structural econometric methods, we estimate the causal effect of techies on firm-level Hicks-neutral productivity in both … manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this effect goes beyond the …
Persistent link: https://www.econbiz.de/10014322729
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Productivity Growth, Knowledge Flows, and Spillovers
Crespi, Gustavo - 2008
This paper explores the role of knowledge flows and productivity growth by linking direct survey data on knowledge …
Persistent link: https://www.econbiz.de/10012464694