Showing 1 - 7 of 7
Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions—entrepreneurs often help shape institutions...
Persistent link: https://www.econbiz.de/10003954445
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
We document a significant increase in the sorting of workers by cognitive and non-cognitive skills across Swedish firms between 1986 and 2008. The weight of the evidence suggests that the increase in sorting is due to stronger complementarities between worker skills and technology. In...
Persistent link: https://www.econbiz.de/10010532546
Several scholars as well as industry professionals have claimed that there is a "software-biased shift" in the nature and direction of innovation in that software development is a core part of innovation activities in firms across a wide array of industries. Empirical firm-level evidence of such...
Persistent link: https://www.econbiz.de/10012240553
We exploit exogenous variation arising from the historical rollout of the Swedish railroad network across municipalities to identify the impacts of lowered interaction costs on innovative activity. A network connection led to a surge in local innovation due to an increased entry, productivity,...
Persistent link: https://www.econbiz.de/10012167459
We analyze the effect of ICT and R&D on total factor productivity (TFP) growth across different industries in Sweden. R …&D alone is significantly associated with contemporaneous TFP growth, thus exhibiting spillover effects. Although there is no … significant short-run association between ICT and TFP, we find a positive association with a lag of seven to eight years. Thus …
Persistent link: https://www.econbiz.de/10011422057
This paper examines whether recent advancements in automation and robotics have affected intergenerational income mobility. Using detailed data on all individuals and firms registered in Sweden, we study whether parental exposure to robots at the occupational level and heterogeneous adoption of...
Persistent link: https://www.econbiz.de/10013490618