Showing 1 - 10 of 12
capital. Studies of high technology industries and recent labor studies agree in assigning a large role to science and … technology in the growth of human and physical capital, although direct tests of these relationships have not been carried out … tends to be in favor of the human and physical capital used intensively by high technology industries. This is the source of …
Persistent link: https://www.econbiz.de/10005014673
Previous studies have found that the firm's own research and spillovers of research by related firms increase firm …
Persistent link: https://www.econbiz.de/10005014683
This paper is an empirical study of the impact on U.S. wage structure of domestic technology, foreign technology, and …, which assumes two levels of skill, suggests that domestic technology raises both wages, while foreign technology, on a … simple interpretation, lowers both. Trade at a constant technology, as usual, lowers the wage of that class of labor used …
Persistent link: https://www.econbiz.de/10005058646
This paper studies the influence of the structure of firm R&D, industry R&D spillovers, and plant level physical capital on the factor intensity of production. By the structure of firm R&D we mean its distribution across states and products. By factor intensity we mean the cost shares of...
Persistent link: https://www.econbiz.de/10005058666
The study seeks to explain the attrition rate of new manufacturing plants in the United States in terms of three vectors of variables. The first explains how survival of the fittest proceeds through learning by firms (plants) about their own relative efficiency. The second explains how...
Persistent link: https://www.econbiz.de/10005058674
The influence of academic science on industrial R&D seems to have increased in recent years compared with the pre-World War II period. This paper outlines an approach to tracing this influence using a panel of 14 R&D performing industries from 1961-1986. The results indicate an elasticity...
Persistent link: https://www.econbiz.de/10005058782
The paper examines learning by doing in the context of a production function in which the other arguments are labor, human capital, physical capital, and vintage as a proxy for embodied technical change in physical capital. Learning is further decomposed into organization learning, capital...
Persistent link: https://www.econbiz.de/10005058791
The paper presents a dynamic programming model with multiple classes of capital goods to explain capital expenditures on existing plants over their lives. The empirical specification shows that the path of capital expenditures is explained by (a) complementarities between old and new capital...
Persistent link: https://www.econbiz.de/10005058792
The National Science Foundation R&D Survey is an annual survey of firms' research and development expenditures. The …
Persistent link: https://www.econbiz.de/10005058816
The paper focuses on the impact of managerial efficiency on output. Three sources of managerial efficiency are identified: (a) superior initial managerial endowments, (b) the accumulation of managerial knowledge and skills through learning and (c) the impact of an effective market for managerial...
Persistent link: https://www.econbiz.de/10005058826