Showing 1 - 10 of 1,063
In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA …' access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm's technical knowledge … knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that only when knowledge …
Persistent link: https://www.econbiz.de/10014383652
accessing useful knowledge by adopting, producing, and diffusing new ideas. Combining location information for the universe of 3 … arose through agglomeration economies and localized knowledge spillovers. To support this claim, we provide evidence … the same society had higher similarity in patenting, suggesting that social networks facilitated spatial knowledge …
Persistent link: https://www.econbiz.de/10013285574
We study the effects of digital financial education interventions on undergraduate students’ financial knowledge in a … video treatment enhanced financial knowledge scores by more than 0.5 standard deviations. Conversely, the vouchers showed no …
Persistent link: https://www.econbiz.de/10014576837
In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions - personalization, discretion,...
Persistent link: https://www.econbiz.de/10012200345
Following Garicano (2000), we consider groups whose members decide what knowledge to acquire and how to use this … knowledge in production. If efficient production requires common knowledge, all group members should become workers and acquire … common knowledge. But if efficient production requires diverse knowledge, one group member should become manager, acquire …
Persistent link: https://www.econbiz.de/10012415623
endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …
Persistent link: https://www.econbiz.de/10011810111
How do geographic frictions affect firm organization? We show theoretically and empirically that geographic frictions increase the use of middle managers in multi-establishment firms. In our model, we assume that the time of the CEO of a firm is a resource of limited supply that is shared among...
Persistent link: https://www.econbiz.de/10011955563
The diffusion of knowledge in the world generates positive externalities if knowledge flows increase the productivity … of R&D. Our work analyzes knowledge diffusion and knowledge externalities in generating innovation and in determining … productivity. We first estimate the determinants of knowledge flows across 141 sub-national regions in 19 countries of Europe and …
Persistent link: https://www.econbiz.de/10011410671
This paper provides the first in-depth study of the organization of knowledge in multinational firms. The paper … develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production … plants if communication costs impede the access of production plants to headquarter knowledge. The paper assumes that the …
Persistent link: https://www.econbiz.de/10011281300
, enabled e-mail-based knowledge exchange and collaboration among academics. After the adoption of BITNET, university … 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/10012304309