Showing 1 - 10 of 630
STEM-skill intensive and are associated with innovation, as well as with technology adoption, management, and diffusion … effect goes beyond the employment of R&D workers, extending to ICT and other techies. In non-manufacturing firms, the impact … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …
Persistent link: https://www.econbiz.de/10014348039
The nexus between corruption and economic growth has been examined for a long time. Many empirical studies measured … corruption by the reversed Transparency International's Perception of Corruption Index (CPI) and ignored that the CPI was not … 2012-2018 and re-examine the nexus between corruption and economic growth. The cumulative long-run effect of corruption on …
Persistent link: https://www.econbiz.de/10012861457
Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...
Persistent link: https://www.econbiz.de/10012842674
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …. Corruption takes the form of the embezzlement of public funds, the effect of which is to increase the government's reliance on …
Persistent link: https://www.econbiz.de/10010264401
We extend the model of insecure property rights by Tornell and Velasco (1992) and Tornell and Lane (1999) by adding three features: (i) extracting the common property asset involves a private appropriation cost, (ii) agents derive utility from wealth as well as from consumption, and (iii) agents...
Persistent link: https://www.econbiz.de/10010276929
We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase … productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative … price of ICT goods and services in a structural VAR with medium-run restrictions. Using local projections to estimate the …
Persistent link: https://www.econbiz.de/10013314751
KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual … types of capital and allow for differences in the elasticities of substitution between labor, an aggregate of ICT and IP … capital, and traditional capital. The estimated elasticities of substitution between ICT and IP capital are strictly below one …
Persistent link: https://www.econbiz.de/10014243755
Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation … reduce local corruption and stimulate firms' investment in R&D and training to this day. We identify a causal effect by …
Persistent link: https://www.econbiz.de/10014534372
Does access to information and communication technologies (ICT) increase innovation? We examine this question by … induced by ICT are exclusively science-related and stem from fields where knowledge can be codified easily. In contrast, we …
Persistent link: https://www.econbiz.de/10013315141
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10010289359