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Openness, Technology Capital, and Development
McGrattan, Ellen R. - 2010
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research and development, brands, and organization capital. What...
Persistent link: https://www.econbiz.de/10012759771
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Technology and the Demand for Skill : An Analysis of within and between Firm Differences
Abowd, John M. - 2010
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated employer-employee data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics Program infrastructure files spanning two Economic Censuses (1992 and 1997). We...
Persistent link: https://www.econbiz.de/10012760169
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Technological Revolutions and Stock Prices
Pastor, Lubos - 2014
We develop a general equilibrium model in which stock prices of innovative firms exhibit quot;bubblesquot; during technological revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological revolutions, the nature of this...
Persistent link: https://www.econbiz.de/10012752458
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Prestige and Profit : The Royal Society of Arts and Incentives for Innovation, 1750-1850
Khan, B. Zorina - 2017
Debates have long centered around the relative merits of prizes and other incentives for technological innovation. Some … proof of the efficacy of innovation prizes. The Society initially was averse to patents and prohibited the award of prizes … records and biographical information about the applicants. The empirical analysis shows that inventors of items that were …
Persistent link: https://www.econbiz.de/10012965432
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Organizing Crisis Innovation : Lessons from World War Ii
Gross, Daniel P.; Sampat, Bhaven N. - 2022
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
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Importing Skill-Biased Technology
Burstein, Ariel T. - 2011
Capital equipment - such as computers and industrial machinery - embodies skill-biased technology, in the sense that it is complementary to skilled labor. Most countries import a large share of their capital equipment, and by doing so import skill-biased technology. In this paper we develop a...
Persistent link: https://www.econbiz.de/10013119969
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Managing Licensing in a Market for Technology
Arora, Ashish - 2014
. The business unit has superior information about licensing opportunities but may not have the appropriate incentives …
Persistent link: https://www.econbiz.de/10013065861
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Technological Learning and Labor Market Dynamics
Gervais, Martin - 2013
The search-and-matching model of the labor market fails to match two important business cycle facts: (i) a high volatility of unemployment relative to labor productivity, and (ii) a mild correlation between these two variables. We address these shortcomings by focusing on technological...
Persistent link: https://www.econbiz.de/10013071305
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Development, Structure, and Transformation : Some Evidence on Comparative Economic Growth
McCord, Gordon C. - 2013
We suggest that the geographical patterns of income differences across the world have deep underpinnings. We emphasize that economic development is a complex process driven by economic, political, social, and biophysical forces. Some economists have argued that the patterns reflect mainly the...
Persistent link: https://www.econbiz.de/10013074652
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Women and Stem
Kahn, Shulamit - 2017
Researchers from economics, sociology, psychology, and other disciplines have studied the persistent under-representation of women in science, technology, engineering, and mathematics (STEM). This chapter summarizes this research. We argue that women's under-representation is concentrated in the...
Persistent link: https://www.econbiz.de/10012953976