Showing 1 - 10 of 619
This paper extends the q-theory of investment to model explicitly the decision of firms to invest in intangibles and measures the contribution of intangible goods to the overall capital stock in the U.S. The model highlights the embodiment of intangible goods in tangibles and the role of...
Persistent link: https://www.econbiz.de/10014402812
We discuss existing shortfalls and inequalities in the accumulation of human capital-knowledge, skills, and health. We … improve: the quality, and not just the quantity, of education and health care; outcomes for disadvantaged groups; and lifelong …
Persistent link: https://www.econbiz.de/10012518777
In weak intellectual property rights (IPR) environments, the imitation of proprietary technology by domestic firms has become a deterrent for foreign investment. Different multinationals may view this deterrent differently. This paper develops a model where firms with more technology are less...
Persistent link: https://www.econbiz.de/10014400987
This paper examines a country''s incentives for intellectual property rights (IPR) protection in a global trading environment. There is a time inconsistency problem intrinsic to IPR protection: ex ante strong protection is warranted to promote innovation, but once discovery takes place there is...
Persistent link: https://www.econbiz.de/10014401239
This paper studies the welfare consequences of a government regulation that forces a patented equipment to be supplied by a number of independent producers. On the one hand, such a regulation hurts the value of a patent and therefore reduces activities in the R&D sector. On the other hand, the...
Persistent link: https://www.econbiz.de/10014399731
This paper constructs a data set to document firms'' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by...
Persistent link: https://www.econbiz.de/10014402260
The advancement of the knowledge frontier is crucial for technological innovation and human progress. Using novel data … talent is a central ingredient in the production of knowledge. Second, such talented individuals born in low- or middle …-income countries are systematically less likely to become knowledge producers. Our findings suggest that policies to encourage …
Persistent link: https://www.econbiz.de/10011978560
How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and … barriers to the domestic diffusion of foreign knowledge have fallen significantly for emerging economies. For all countries …, and especially for emerging economies, inflows of foreign knowledge have a growing and quantitatively important impact on …
Persistent link: https://www.econbiz.de/10011978592
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the … knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests … there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second …
Persistent link: https://www.econbiz.de/10014400700
Persistent link: https://www.econbiz.de/10012796670