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expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10003791799
; innovation ; directed technical change …
Persistent link: https://www.econbiz.de/10009659333
innovation investments that increase the productivity of capital and labor in the performance of their respective tasks. These …
Persistent link: https://www.econbiz.de/10011404419
To analyze the impact of labor scarcity on technology adoption and innovation, this study uses the differential spread …, had a positive and significant shortrun effect on technology adoption and innovation in agriculture but a negative and …
Persistent link: https://www.econbiz.de/10012801534
This paper discusses the relationship between medical innovations and ageing from a health economics perspective and surveys empirical evidence on medical R&D incentives, R&D costs of pharmaceuticals, and the cost-effectiveness of health innovations. Particular focus is on the endogeneity of...
Persistent link: https://www.econbiz.de/10012653346
Innovation is part idea generation and part development. We build a model of "innovating-by-doing," whereby ideas come … to practitioners. Successful innovation requires that practitioners' ideas be developed through costly effort. Our model ….S. Medicare program on medical equipment innovation. Our model’s structure allows us to infer the Medicare program's aggregate …
Persistent link: https://www.econbiz.de/10012500504
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...
Persistent link: https://www.econbiz.de/10011602763
Why is modern society capable of cumulative innovation? In A Culture of Growth: The Origins of the Modern Economy, Joel …
Persistent link: https://www.econbiz.de/10012035061
This paper develops an occupation-level measure of Capital-Embodied Innovation (CEI) by matching patents with capital …
Persistent link: https://www.econbiz.de/10014507782
increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …
Persistent link: https://www.econbiz.de/10014383723