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-produced penicillin, antimalarials, and a flu vaccine. We draw on this episode to discuss the economics of crisis innovation. Since the …
Persistent link: https://www.econbiz.de/10013251453
During World War II, the U.S. government launched an unprecedented effort to mobilize science for war: the newly-established Office of Scientific Research and Development (OSRD) entered thousands of R&D contracts with industrial and academic contractors, spending one to two orders of magnitude...
Persistent link: https://www.econbiz.de/10013292242
How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …
Persistent link: https://www.econbiz.de/10012389582
as sources of relative innovation underperformance in Europe vis-à-vis the United States. In this paper we investigate R …) that has been modified to include ICT investment and R&D as the two main inputs into innovation and productivity. We find … that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for …
Persistent link: https://www.econbiz.de/10013066114
How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …
Persistent link: https://www.econbiz.de/10012909902
Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … for the management of creative workers and for the implementation of competitive procurement mechanisms for innovation …
Persistent link: https://www.econbiz.de/10012911076
Using the farm tractor as a case study, I show that lags in technology diffusion arise along two distinct margins, which I term scale and scope. Though tractors are now used in nearly every agricultural field operation and in the production of nearly all crops, they first developed with much...
Persistent link: https://www.econbiz.de/10012941162
Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … both process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity …
Persistent link: https://www.econbiz.de/10012758059
presents some empirical evidence on the effects of innovation on employment growth and therefore on firms' productivity with … stemming from process innovation. The sources of employment growth during the period are split equally between the net … contribution of product innovation and the net contribution from sales growth of old products. However, the contribution of product …
Persistent link: https://www.econbiz.de/10012750350
life, while laying the foundation for postwar innovation policy. Scholars and policymakers have appealed to the wartime … innovation effort: priority setting, selecting and engaging researchers, a funding mechanism, coordinating research efforts, and … framework for decision-making. We conclude by discussing other lessons from OSRD, such as what makes crisis innovation policy …
Persistent link: https://www.econbiz.de/10013294699