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This paper develops a theoretical model of the inequality in wages and salaries associated with differences in years of schooling (educational inequality, for short). Our model assumes that in the long run individual decisions to become more educated equalize the lifetime earnings of more...
Persistent link: https://www.econbiz.de/10010318984
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements …
Persistent link: https://www.econbiz.de/10013039087
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/10013023751
Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing economies. To fix ideas we present an extension of...
Persistent link: https://www.econbiz.de/10010263207
With fortuitously timed data collected before, during and after a major macro-financial crisis in Bulgaria, we revisit several hypotheses in the economics and nutritional literature related to the tendency of households to smooth their nutritional status over time. We explore the dietary impact...
Persistent link: https://www.econbiz.de/10013127325
monotonically increasing in either the reliability of the communication network or the productivity of innovation. …
Persistent link: https://www.econbiz.de/10010293468
In Chang and Harrington (2000a) a computational model of a multi-unit firm is developed in which unit managers continually search for better practices Search takes place over a rugged landscape defined over the space of unit practices There it is shown that a more centralized organization is...
Persistent link: https://www.econbiz.de/10010293485
Scientific progress is driven by innovation ?which serves to produce a diversity of ideas ?and imitation through a …
Persistent link: https://www.econbiz.de/10010293512
There is a common perception that low productivity or low growth is due to what can be called an `innovation shortfall …,` usually identified as a low rate of investment in research and development (RD) compared with some high-innovation countries … problems that impede accumulation of all kinds of capital. When does a country suffer from an innovation shortfall above and …
Persistent link: https://www.econbiz.de/10010327177
This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. When product … innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. In the … signaling model, the firm therefore times its innovation to communicate its private information about the marginal cost of delay …
Persistent link: https://www.econbiz.de/10010266380