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Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10012461715
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … and patents. We document key empirical facts on inventors' productivity over the life cycle, inventors' research teams … better inventors are very strongly correlated with higher subsequent productivity. These facts motivate the main ingredients …
Persistent link: https://www.econbiz.de/10012453248
substantial impacts on manufacturing productivity from relative increases in county market access as railroads expanded. In …
Persistent link: https://www.econbiz.de/10012480538
This paper examines the historical impact of railroads on the American economy. Expansion of the railroad network may have affected all counties directly or indirectly - an econometric challenge that arises in many empirical settings. However, the total impact on each county is captured by...
Persistent link: https://www.econbiz.de/10012459450
Metamorphic progress (productivity growth much faster than average) is often driven by Grilichesian inventions of … methods of inventing. For hybrid seed corn, the enabling invention was double-cross hybridization yielding highly productive …
Persistent link: https://www.econbiz.de/10012468873
. To understand how these changing firm demographics have affected growth, we decompose productivity growth into the firms …
Persistent link: https://www.econbiz.de/10012481972
During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …
Persistent link: https://www.econbiz.de/10012470910
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10012463273
that links these features of the business environment to cross-firm productivity distributions, entrepreneurs' welfare, and …
Persistent link: https://www.econbiz.de/10012464529
Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...
Persistent link: https://www.econbiz.de/10012465352