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innovation in the AI supply industries. However, this effect is small in magnitude and limited to service sectors and younger …
Persistent link: https://www.econbiz.de/10012517502
This paper deals with the complex relationship between innovation and the labor market, analyzing the impact of new …
Persistent link: https://www.econbiz.de/10014286647
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10011401108
capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
investment or international technology spillovers. This study is a major contribution to innovation, trade, FDI and growth …
Persistent link: https://www.econbiz.de/10011452235
"According to the "compensation theory", market forces should assure a complete compensation of the initial labour …
Persistent link: https://www.econbiz.de/10003451834
Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … innovation will lead to a much richer understanding of the interplay between firms’ incentives to innovate and competitive …
Persistent link: https://www.econbiz.de/10003571666
). -- technology ; innovation ; employment ; skill ; skill-biased technological change …
Persistent link: https://www.econbiz.de/10009530310
productivity (TFP) growth in China. Our primary goal is to test Hicks' induced innovation hypothesis by examining whether technical … find that not only is wage-induced innovation significant and quantitatively important, but also that it substantially … is predominantly driven by wage-induced innovation along with massive injection of heavily subsidized physical inputs in …
Persistent link: https://www.econbiz.de/10012179650
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020