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In this paper it is tested which of the various alternative approaches for constructing knowledge spillover pools … knowledge spillovers are unmeasurable, a 'goodness of fit' measure is constructed using innovation survey data. It turns out … that measures of the uncentered correlation of firm characteristics seem to fit actual knowledge spillovers best. Direct …
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In this study, we address the question of why some CEOs stay in office during a performance downturn while others don't. Based on a social capital perspective we assume that (1) the social capital endowment of an underperforming CEO may reduce the risk of getting dismissed and that (2) the...
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model where knowledge transmits as workers reallocate from one job to another. The calibrated model suggests that the … knowledge diffusion mechanism increases the aggregate productivity growth by 0.14 percentage points and enhances welfare …
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-sector endogenous growth model allowing for industry specific parameters in the production functions for output and knowledge, and in … differences in "technological opportunities", interpreted as the parameters of knowledge production. These include the capital … intensity of R&D, knowledge spillovers, and diminishing returns to R&D. To investigate the quantitative importance of these …
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