explain the effects of entry-year electricity prices on subsequent energy intensity. We discuss how this “technology lock …

technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor …

incentives with social incentives and find that the bias in technology adoption depends crucially on whether the non …

that if the technology is already advanced and competition intensifies then firms wouldn't innovate. The dynamic … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …

theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries …This paper studies the origins and consequences of international technology gaps. I develop an endogenous growth model … where R&D efficiency varies across countries and productivity differences emerge from firm-level technology investments. The …

recessions). Second, we link SBTC to direct measures of information technology investment expenditures and show that these …