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This paper analyzes the effect of firing costs on aggregate productivity growth. For this purpose, a model of endogenous growth through selection and imitation is developed. It is consistent with recent evidence on firm dynamics and on the importance of reallocation for productivity growth. In...
Persistent link: https://www.econbiz.de/10013316706
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10013021942
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion...
Persistent link: https://www.econbiz.de/10013110861
structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …
Persistent link: https://www.econbiz.de/10012777881
); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …
Persistent link: https://www.econbiz.de/10014244277
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
innovative inputs on a sample of 3045 manufacturing firms drawn fromthe third Italian Community Innovation Survey (1998 …-2000). The interactions between fourdifferent sources of innovation - internal and external R&D, embodied and …
Persistent link: https://www.econbiz.de/10005861526
Using a balanced panel of 215 Italian manufacturing firms over the 1995-2000 period, thispaper investigates the determinants of R&D investment at the level of the firm. While findingfurther support for the well-established technology-push and demand-pull hypotheses, thisstudy also tests the role...
Persistent link: https://www.econbiz.de/10005863332
autoregressive nature of innovation. Using a large longitudinal datasetcomprising Spanish manufacturing firms over the period 1990 … the case of the YICs, suggesting that their innovation behaviour is less persistentand more erratic. Moreover, our results … suggest that firm and market characteristics play adistinct role in boosting the innovation activity of firms of different age …
Persistent link: https://www.econbiz.de/10009522193
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market …-induced innovation increase by the IG Farben successors, which then spilled over to the wider chemical industry …
Persistent link: https://www.econbiz.de/10014077679