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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
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
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
In this paper we determine the industry 4.0 (I4.0) readiness of eight Central and Eastern European countries (CEECs): Bulgaria, the Czech Republic, Lithuania, Hungary, Poland, Romania, the Slovak Republic and Slovenia. We outline the nature of manufacturing in the region, describe three distinct...
Persistent link: https://www.econbiz.de/10012005842
This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in …-house R&D is linked to the propensity to introduce product innovation both in mature firms and YICs; however, innovation …
Persistent link: https://www.econbiz.de/10010269547
innovation by combining the analysis of both micro and meso levels, i.e. the level of the firm and of the geographical region …. Our findings, based on the Fourth UK Community Innovation Survey (CIS), provide new insights regarding the relationship … between cooperative linkages for innovation and the development of technological capabilities by business units. Firstly, the …
Persistent link: https://www.econbiz.de/10010277122
This paper examines the impact of innovations and wages on the demand for heterogeneous labour. Based on matched data from the IAB-establishment panel survey and the files of the employment statistics register for the year 1995, input shares derived from a generalised Leontief cost function are...
Persistent link: https://www.econbiz.de/10010262337
This paper critically discusses the theoretical and empirical literature on the quantitative and qualitative employment impact of technological change, compares the relative explanatory power of the competing theories, and explains in detail the macro and micro evidence on the issue, with...
Persistent link: https://www.econbiz.de/10010282387
, evidence does not conflict with the idea that innovation may be driven by output. Using a balanced panel of 216 Italian …
Persistent link: https://www.econbiz.de/10010267610