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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
industry from 1991 to 1996. Plant-level decisions on R&D, physical capital investment, entry, and exit are integrated in a …This paper develops and estimates an industry equilibrium model of manufacturing plants in the Korean electric motor … physical investment, and plant scrap value distribution. Knowledge spillovers are essential to explaining the firm …
Persistent link: https://www.econbiz.de/10012938702
technology acquisition. In our research setting, the most common way to exercise the option post-CVC investment is via technology …
Persistent link: https://www.econbiz.de/10012457244
Persistent link: https://www.econbiz.de/10000051627
intermediate goods and their investment in domestic technologies. We establish sufficient conditions under which the steady …
Persistent link: https://www.econbiz.de/10012480411
The importance of new technologies derives from the fact that they spread across many different users and uses, as well as different geographic regions. The diffusion of technological improvements, across producers within a country and across international borders, is critical for long run...
Persistent link: https://www.econbiz.de/10012481321
This paper considers the observational implications of social influences on adoption decisions for an environment of perfect foresight adopters. We argue that social influences can produce two observable effects: 1) discontinuities in unconditional adoption curves and 2) pattern reversals in...
Persistent link: https://www.econbiz.de/10012463584
The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...
Persistent link: https://www.econbiz.de/10012465146
Unlike the widespread adoption of information and communications technology (ICT) in much of the economy, adoption of ICT in clinical care is limited. We examine how a number of not previously emphasized features of the health care and ICT markets interact and exacerbate each other to create...
Persistent link: https://www.econbiz.de/10012465576
Estimation of our model for a sample of 19 technologies, 21 countries, and the period 1870-1998 reveals that embodied productivity growth is large for many of the technologies in our sample. On average, increases in the variety of vintages available is a more important source of growth than the...
Persistent link: https://www.econbiz.de/10012466355