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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
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
problems, we use an exogenous proxy for technological change, namely the number of patents granted by the U.S. patent office …
Persistent link: https://www.econbiz.de/10010269467
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
We measure the extent to which skilled immigrants increase innovation in the United States by exploring individual … immigrants patent at double the native rate, and that this is entirely accounted for by their disproportionately holding degrees …
Persistent link: https://www.econbiz.de/10010269300
This paper examines the effect of the German co-determination law of 1976 (MitbestG) on the innovative activity of German firms. Co-determination applies to firms with 2000 employees or more. Data from 1971-1976 and 1981-1990 on 148 firms are used to compare the number of patents granted to...
Persistent link: https://www.econbiz.de/10010288477
scarcely more likely to patent than women without. Differences among those without a science or engineering degree account for …
Persistent link: https://www.econbiz.de/10010289955
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …
Persistent link: https://www.econbiz.de/10012005891
We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …
Persistent link: https://www.econbiz.de/10012059112
We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the …
Persistent link: https://www.econbiz.de/10012180187