The paper studies the degree of homogeneity of innovative behavior in order to determine empirically an industry …, which explains the decisions by business enterprises to innovate and the impact these decisions have on the share of …-tech group and the industry of wood, where firms seem to have a rather different innovative behavior from the remaining …

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …

projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily … rates of 15 ecosystem services and the degree of limited substitutability based on a meta-analysis of 36 willingness to pay … studies in Germany. We find that the relative price of ecosystem services has increased by more than four percent per year in …

technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov … aggregates in the post-war U.S. economy. -- Real Business Cycle ; Bayesian estimation ; VARMA errors …

This paper examines how product market competition affects firms' timing of adopting a new technology as well as …. When goods are differentiated enough, adoption occurs later than it is socially optimal. -- technology adoption … ; innovation ; diffusion ; product differentiation …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …

Carlo evidence suggests that the quadratic specification more precisely represents technology. …