Showing 1 - 10 of 1,350
and innovation. This gives rise to an autonomous system of mixed-type functional differential equations (FDEs). Its …
Persistent link: https://www.econbiz.de/10011144094
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are...
Persistent link: https://www.econbiz.de/10014337851
of low-carbon energy innovation. These include both improvements in physical capital, such as smart grids to aid … document recent trends in energy innovation and discuss the lessons learnt for policy. We then discuss the potential role for … complementary innovation in both physical capital--using smart grids as an example of how policy can help--and human capital, where …
Persistent link: https://www.econbiz.de/10013361997
indicates interesting implications for innovation and educational policies. …
Persistent link: https://www.econbiz.de/10005835707
Because Hayek’s view goes beyond the Walrasian framework, his descriptive arguments on socialist planned economies are prone to be misunderstood. This paper clarifies Hayek’s arguments by using them as a basis to construct a model of total factor productivity. The model shows that...
Persistent link: https://www.econbiz.de/10008855541
This study examines the impact of process and product innovation on employment growth across four Latin American … countries (Argentina, Chile, Costa Rica, and Uruguay) using micro data from innovation surveys. Specifically, we relate … employment growth to process innovations and to the growth of sales separately due to innovative and unchanged products. Results …
Persistent link: https://www.econbiz.de/10009644922
Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to innovate. On the other hand, many experts worry that these advances entail existential risk: creating a superintelligence misaligned with human...
Persistent link: https://www.econbiz.de/10014436968
choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …
Persistent link: https://www.econbiz.de/10013034169
innovation and diffusion. People are endowed with a set of skills obtained from their parents or neighbours, but those skills are …
Persistent link: https://www.econbiz.de/10005837089