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We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990- 2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...
Persistent link: https://www.econbiz.de/10009130154
Many countries have introduced patent box regimes in recent years, offering a reduced tax rate to businesses for their IP-related income. Patent boxes are supposed to increase innovative activity, but they are also suspected to aim at attracting inward profit shifting from multinational...
Persistent link: https://www.econbiz.de/10012304080
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 …
Persistent link: https://www.econbiz.de/10012029168
important reliance on technology. In particular, the paper focuses on the role of other firms' productivity as well as …
Persistent link: https://www.econbiz.de/10010356360
probit model with self-selection. Our estimation results highlight the fact that firms ́relatedness in technology and product …
Persistent link: https://www.econbiz.de/10010223406
This paper develops an incomplete contract model of the licensing relationship to analyze the dynamic effects of licensing on R&D competition in the innovation market and to examine the rationale for often observed grant-back clauses. Of particular concern are how the consideration of future...
Persistent link: https://www.econbiz.de/10009781683
reduced emission abatement in the US, but also the spillover effects on technology and countries relative bargaining power …
Persistent link: https://www.econbiz.de/10011409394
The importance of innovation for the economic performance of industrialized countries has been largely stressed recently by the theoretical and empirical literature. Moreover the intensity of knowledge externalities in generating innovation, is the key parameter in determining sustained growth...
Persistent link: https://www.econbiz.de/10009781621
A fast-growing literature shows that digital technologies are displacing labor from routine tasks, raising concerns that labor is racing against the machine. We develop a task-based framework to estimate the aggregate labor demand and employment effects of routine-replacing technological change...
Persistent link: https://www.econbiz.de/10011903802
Government investment in university research results in greater output and impact. To better capture economic benefits stemming from university research, governments have developed funding programs specifically targeting university-industry collaboration. However, little is known about the...
Persistent link: https://www.econbiz.de/10012157265