Functioning markets for technology are an important determinant for the type, scope and distribution of innovation activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes such imperfections to the supply side or differences in...

In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...

Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries and technology fields in an economy. Industrial and trade policies, by contrast, tend to favor economic specialization through the promotion of selected sectors. In this paper...

Die heutige intensive Auseinandersetzung mit dem Fragenkomplex "technischer Fortschritt" hat verschiedene historische Wurzeln und entstammt verschiedenen Forschungsrichtungen. Technischer Fortschritt wird heute von den meisten Ökonomen als ökonomisches Phänomen anerkannt, dem volle...