Showing 1 - 10 of 543
technology was a major part of the government response. The U.S. Office of Scientific Research and Development (OSRD) led a major …
Persistent link: https://www.econbiz.de/10012482128
We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch …-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production … and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …
Persistent link: https://www.econbiz.de/10012467958
Persistent link: https://www.econbiz.de/10013480798
Pay-as-you-go Social Security is typically characterized as a universal defined benefit pension program. Implicit in this characterization is a sense that the participant's investment in future benefits is somehow guaranteed, or safe from risk. This study develops the concept of "political risk"...
Persistent link: https://www.econbiz.de/10012466520
This paper shows the importance of technological synergies among heterogeneous firms for aggregate fluctuations. First, we document six novel empirical facts using microdata that suggest the existence of important technological synergies between trading firms, the presence of positive...
Persistent link: https://www.econbiz.de/10014512101
Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using … annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement … include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on …
Persistent link: https://www.econbiz.de/10012470238
differences defined by technology. In the aggregate time series relative unemployment is defined by educational unemployment … hiring and training response is quicker than the wage response. We also observe in time series that the pace of technology … technology, maturing of the workforce, and growth of international trade reduce unemployment in the longer run. The same …
Persistent link: https://www.econbiz.de/10012470933
The real business cycle literature has largely ignored the empirical question of what role technology shocks actually … play in business cycles. The observed procyclicality of total factor productivity (TFP) does not prove that technology … other reasons. I address the role of technology by investigating the dynamic interactions of inputs, TFP and two observable …
Persistent link: https://www.econbiz.de/10012472178
change in structure. This paper seeks to fill the gap by study- ing the impact of domestic technology, foreign technology and … for 24 manufacturing industries. Holding time and industry effects constant we find that in most cases technology has the … technology constant we find mixed results for trade. Effects of trade on real wages are generally insignificant once time effects …
Persistent link: https://www.econbiz.de/10012472884
creation of formal technology licensing offices at universities. Up until approximately the mid-1980s, university patents were …
Persistent link: https://www.econbiz.de/10012473821