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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

Investment-Horizon Spillovers

Chinco, Alexander M. - 2017

This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...

Persistent link: https://www.econbiz.de/10012455032

New Ideas in Invention

Packalen, Mikko - 2015

A key decision in research is whether to try out new ideas or build on more established ideas. In this paper, we evaluate which type of work is more likely to spur further invention. When recent advances create superior opportunities for invention, their adoption as research inputs in the...

Persistent link: https://www.econbiz.de/10012457744

Leaders and Followers : Perspectives on the Nordic Model and the Economics of Innovation

Stiglitz, Joseph E. - 2014

It concludes by constructing a simple model in which knowledge flows slowly across national borders but moves easily within borders. We show there is a leadership-followership equilibrium, in which some countries are leaders, others are followers. Contrary to Solow's analysis, there need not be...

Persistent link: https://www.econbiz.de/10012458174

Technology Diffusion

Stokey, Nancy - 2020

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

Five Facts You Need to Know About Technology Diffusion

Comin, Diego - 2006

This paper presents a new data set on the diffusion of about 115 technologies in over 150 countries over the last 200 years. We use this comprehensive data set to uncover general patterns of technology diffusion. Our main 5 findings are as follows: (i) Once the intensive margin is measured,...

Persistent link: https://www.econbiz.de/10012466743

International Technology Diffusion

Keller, Wolfgang - 2001

I discuss the concept and empirical importance of international technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technology is viewed as technological knowledge. I first review the major concepts, and how international technology...

Persistent link: https://www.econbiz.de/10012470145

Optimal Trade Policy with International Technology Diffusion

Bai, Yan; Jin, Keyu; Lu, Dan; Wang, Hanxi - National Bureau of Economic Research - 2024

We study optimal dynamic trade policies in an Eaton-Kortum model with technology diffusion through trade. The process of innovation and diffusion is one in which new ideas are combined with insights from others. Trade thus affects technology by determining the distribution from which producers...

Persistent link: https://www.econbiz.de/10014486189

Crossover Inventions And Knowledge Diffusion Of General Purpose Technologies? Evidence From The Electrical Technology

Lo, Shih-tse - 2008

Scholars have long noted the significant impact of general purpose technologies (GPTs) on the economy. However, limited attention has been paid to exploring how they are employed to generate inventions in downstream sectors (crossover inventions), and what factors may facilitate such diffusion....

Persistent link: https://www.econbiz.de/10012464604

Exporting the Surveillance State via Trade in AI

Beraja, Martin; Kao, Andrew; Yang, David Y.; Yuchtman, Noam - National Bureau of Economic Research - 2023

China. First, China has a comparative advantage in this technology. It is substantially more likely to export surveillance … democracies are more likely to import surveillance AI from China. This bias is not observed in AI imports from the US or in … imports of other frontier technologies from China. Third, autocracies and weak democracies are especially more likely to …

Persistent link: https://www.econbiz.de/10014372433

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