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Discrete innovation, continuous improvement, and competitive pressure
Ghosh, Arghya; Kato, Takao; Morita, Hodaka - 2007
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/10010268378
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Welfare Analysis in a Schumpeterian Growth Model with Capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001
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/10010262488
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Outsourcing and technological innovations: a firm-level analysis
Bartel, Ann; Lach, Saul; Sicherman, Nachum - 2008
This paper presents a dynamic model that analyzes how firms' expectations with regards to technological change influence the demand for outsourcing. We show that outsourcing becomes more beneficial to the firm when technology is changing rapidly. As the pace of innovations in production...
Persistent link: https://www.econbiz.de/10010268654
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Outsourcing and technological change
Bartel, Ann; Lach, Saul; Sicherman, Nachum - 2009
We present a dynamic model where the probability of outsourcing production is increasing in the firm's expectation of technological change. As the pace of innovations in production technologies increases, the less time the firm has to amortize the sunk costs associated with purchasing and...
Persistent link: https://www.econbiz.de/10010269467
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The job creation effect of R&D expenditures
Bogliacino, Francesco; Vivarelli, Marco - 2010
In this study we use a unique database covering 25 manufacturing and service sectors for 16 European countries over the period 1996-2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D...
Persistent link: https://www.econbiz.de/10010269701
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Cognition and economic outcomes in the health and retirement survey
MacArdle, John J.; Smith, James P.; Willis, Robert - 2009
Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial...
Persistent link: https://www.econbiz.de/10010269015
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Economic conditions at the time of birth and cognitive abilities late in life: Evidence from eleven European countries
Doblhammer, Gabriele; van den Berg, Gerard J.; Fritze, … - 2011
changes in the early life economic environment on late life cognition. In European countries, about three to four economic …
Persistent link: https://www.econbiz.de/10010280717
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Hard evidence on soft skills
Heckman, James J.; Kautz, Tim - 2012
This paper summarizes recent evidence on what achievement tests measure; how achievement tests relate to other measures of cognitive ability like IQ and grades; the important skills that achievement tests miss or mismeasure, and how much these skills matter in life. Achievement tests miss, or...
Persistent link: https://www.econbiz.de/10010282367
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Experience and Technology Adoption
Weinberg, Bruce A. - 2004
Vintage human capital models imply that young workers will be the primary adopters and beneficiaries of new technologies. Because technological progress in general, and computers in particular, may be skill-biased and because human capital increases over the lifecycle, technological change may...
Persistent link: https://www.econbiz.de/10010261816
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Does the growth process discriminate against older workers?
Langot, François; Moreno-Galbis, Eva - 2008
This paper seeks to gain insights on the relationship between growth and unemployment, when considering heterogeneous agents in terms of age. We introduce life cycle features in the endogenous job destruction framework à la Mortensen and Pissarides (1998). We show that, under the assumption of...
Persistent link: https://www.econbiz.de/10010269204