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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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Ethnic Networks and International Trade
Epstein, Gil S.; Gang, Ira N. - 2004
There is a well-established high quality literature on the role of networks, particularly ethnic networks, in international trade. Ethnic networks are a way of overcoming informal barriers (information costs, risk and uncertainty) to trade by building trust and substituting for the difficulty of...
Persistent link: https://www.econbiz.de/10010261988
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Technological capabilities and patterns of cooperation of UK firms: a regional investigation
Iammarino, Simona; Piva, Mariacristina; Vivarelli, Marco; … - 2009
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
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Innovations, Wages and Demand for Heterogeneous Labour: New Evidence from a Matched Employer-Employee Data-Set
Bellmann, Lutz; Schank, Thorsten - 2000
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
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Innovation, employment and skills in advanced and developing countries: A survey of the literature
Vivarelli, Marco - 2012
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
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10010265548
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On the rise of health spending and longevity
Fonseca, Raquel; Michaud, Pierre-Carl; Galama, Titus; … - 2009
We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...
Persistent link: https://www.econbiz.de/10010269651