effects of entry-year electricity prices on subsequent energy intensity. We discuss how this "technology lock-in" increases …

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 … theory characterizes how innovation and learning determine technology gaps, trade and global income inequality. Countries …

valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …

This paper provides empirical evidence on the complex role played by technology in affecting the relationship between … technology is analysed by taking into account both the technological intensity of offshoring industries and that of their GVC …

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 …

inventors are more prevalent in the first bulk of patents of a country in a given technology, as compared to patents filed at … later stages. We interpret these results as tangible evidence of migrants facilitating the technology-specific diffusion of …

Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders' information technology …-performing loans during the crisis. Our results suggest that technology adoption in lending can enhance financial stability through the …