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Invention and Bounded Learning by Doing
Young, Alwyn - 2021
This paper presents a model of the interaction between invention and learning by doing. Learning depends upon invention … technologies. At the same time, the profitability of costly invention is dependent upon learning in that costs of production depend … profitability of invention is low, and hence the rate of invention becomes the constraining factor in growth. With large markets …
Persistent link: https://www.econbiz.de/10013246068
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Business Cycle Fluctuations and the Life Cycle : How Important is On-the-Job Skill Accumulation?
Hansen, Gary D. - 2010
We study the effects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning...
Persistent link: https://www.econbiz.de/10012759693
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Learning and Growth
Jovanovic, Boyan - 2021
In this survey, I discuss four sources of growth of knowledge: research, schooling, learning by doing, and training. In trying to disentangle what is important, I emphasize the following facts: (1) even the most advanced countries spend far more on adoption of existing technologies than on...
Persistent link: https://www.econbiz.de/10013239356
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Growing by Leaps and Inches : Creative Destruction, Real Cost Reduction, and Inching Up
Darby, Michael R.; Zucker, Lynne G. - 2021
Most firms achieve perfective progress, incrementally improving commodities or productivity. But technological progress is concentrated in a few firms achieving metamorphic progress: forming or transforming industries with technological breakthroughs (e.g., biotechnology, lasers, semiconductors,...
Persistent link: https://www.econbiz.de/10013311623
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Learning by Doing and Aggregate Fluctuations
Cooper, Russell; Johri, Alok - 2021
A major unresolved issue in business cycle theory is the construction of an endogenous propagation mechanism capable of capturing the amount of persistence displayed in the data. In this paper we explore the quantitative implications of one propagation mechanism: learning by doing. Estimation of...
Persistent link: https://www.econbiz.de/10013229059
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Health, Human Capital Formation and Knowledge Production : Two Centuries of International Evidence
Madsen, Jakob B. - 2012
Recent medical research shows that health is highly influential for learning and the ability to think laterally; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas production; the main drivers of growth in endogenous growth...
Persistent link: https://www.econbiz.de/10013099411
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Words in Patents : Research Inputs and the Value of Innovativeness in Invention
Packalen, Mikko - 2014
established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the … invention process promotes technological progress. The gains from pursuing such innovative research paths may, however, be very … the existing knowledge base. In this paper, we first develop a new approach to identifying research inputs in invention …
Persistent link: https://www.econbiz.de/10013065176
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The Circulation of Ideas in Firms and Markets
Hellmann, Thomas F. - 2014
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10013068289
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The Idea Gap in Pink and Black
Cook, Lisa D. - 2014
Previous studies have found large gender and racial differences in commercialization of invention. Using novel data … commercial activity related to invention are lower than once thought. This is despite relatively lower patent activity among …
Persistent link: https://www.econbiz.de/10013069299
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The Agglomeration of Us Ethnic Inventors
Kerr, William - 2014
agglomeration of US innovation. This study applies an ethnic-name database to individual US patent records to explore these trends …
Persistent link: https://www.econbiz.de/10013070598