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 distinguishes technology capital from other forms of capital is …

We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …

technological revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During …

technology was a major part of the government response. The U.S. Office of Scientific Research and Development (OSRD) led a major … 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 …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …

questions about the pro-cyclicality of VC and its implications for innovation, especially in light of the common narrative that … VC is relatively insulated from public markets. We find that the implications for innovation are not benign: innovation … discussion on the nature of innovation across business cycles …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …