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In response to technological change, U.S. corporations have been investing more in intangible capital. This transformation is empirically associated with lower leverage and greater cash holdings, and commonly explained as a precautionary response to reduced debt capacity. We model how firms'...
Persistent link: https://www.econbiz.de/10011556238
We design a conceptual framework for linking two approaches: the literature on absorptive capacity and the literature on spatial knowledge spillovers. Regions produce new knowledge, but only part of it is efficiently adopted in the economy; the share of efficiently adopted technology depends on...
Persistent link: https://www.econbiz.de/10011377391
Persistent link: https://www.econbiz.de/10010191225
A recent literature do cuments that manufacturing employment growth in developing countries has been sluggish over the past decades, and that deindustrialization has often set in at historically low levels of income. However, there is little evidence on which kind of jobs are disappearing...
Persistent link: https://www.econbiz.de/10012025990
Measuring the dispersion of productivity or efficiency across firms in a market or industry is rife with methodological … through resource reallocation, thereby reducing dispersion. On the other hand, innovation and technological uncertainty tend …
Persistent link: https://www.econbiz.de/10011622903
home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs … suggests that the effect of offshoring manufacturing and services on total factor productivity (TFP) is positive and larger … than the effect of R&D on productivity. …
Persistent link: https://www.econbiz.de/10011373831
exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970 … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy-productivity …
Persistent link: https://www.econbiz.de/10011334858
clustered over time, suggesting the possibility that technology levels are converging locally. Estimation of spatial versions of …
Persistent link: https://www.econbiz.de/10011335193
The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
Persistent link: https://www.econbiz.de/10011326960
This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network …
Persistent link: https://www.econbiz.de/10011372508