Showing 1 - 10 of 1,106
Industrial Revolution? We argue that Britain possessed an important but underappreciated innovation advantage: British inventors … worked in technologies that were more central within the innovation network. We offer a new approach for measuring the … innovation network using patent data from Britain and France in the late-18th and early-19th century. We show that the network …
Persistent link: https://www.econbiz.de/10015056202
This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are driven by cost savings/productivity improvements at the...
Persistent link: https://www.econbiz.de/10014544765
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
We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011- 2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased...
Persistent link: https://www.econbiz.de/10014322745
reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …
Persistent link: https://www.econbiz.de/10014372414
Investments in the US Science, Technology, Engineering, Medicine and Innovation (STEMI) enterprise come from many … innovative than government or business funding alone would yield. It also enables significant innovation in the development of …
Persistent link: https://www.econbiz.de/10014372474
Ensuring broad access to the patent system is crucial for fostering innovation and promoting economic growth. To …
Persistent link: https://www.econbiz.de/10015326485
Information spillovers between firms can reduce R&D incentives if competitors can free ride on innovations. However, strong property rights may impede cumulative research and lead to inefficient duplication. These effects are particularly relevant in natural resource exploration, where...
Persistent link: https://www.econbiz.de/10015094909
We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …
Persistent link: https://www.econbiz.de/10014512142
Despite the rapid pace of innovation in information and communications technologies (ICT) and electronics, aggregate US … stems in part from an unbalanced sectoral distribution of innovation over the last several decades. Because an industry …'s success in innovation depends on complementary innovations among its input suppliers, rapid productivity growth that is …
Persistent link: https://www.econbiz.de/10014322814