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The Learning Process and Technological Change in Wind Power : Evidence from China's CDM Wind Projects
Tang, Tian - 2014
since 2002. Using pooled cross-sectional data of 486 registered CDM wind projects in China from 2002 to 2009, we examine the … through the network interaction between project developer and turbine manufacturer--on technological change, measured as … manufacturers in China's wind power industry …
Persistent link: https://www.econbiz.de/10013058277
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Naive Learning with Uninformed Agents
Banerjee, Abhijit V. - 2019
assumption that the process starts with every node in the network having a signal. We study a natural extension of the DeGroot … agent. This characterization result then allows us to relate network geometry to information aggregation. We identify an … example of a network structure where essentially only the signal of a single agent is aggregated, which helps us pinpoint a …
Persistent link: https://www.econbiz.de/10012893612
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The Perils of the Learning Model for Modeling Endogenous Technological Change
Nordhaus, William D. - 2010
Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...
Persistent link: https://www.econbiz.de/10012758017
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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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Measuring the Impact of Own and Others’ Experience on Project Costs in the U.S. Wind Generation Industry
Anderson, John W.; Leslie, Gordon; Wolak, Frank - 2022
We investigate the relationship between accumulated experience completing wind power projects and the cost of installing wind projects in the U.S. from 2001-2015. Our modeling framework disentangles accumulated experience from input price changes, scale economies, and exogenous technical change;...
Persistent link: https://www.econbiz.de/10013322095
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Learning, Complementarities, and Asynchronous Use of Technology
Jovanovic, Boyan; Stolyarov, Dmitriy - 2022
This paper deals with processes that require several complementary inputs subject to improvements in quality. If after a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general it will pay to purchase the inputs at different dates --...
Persistent link: https://www.econbiz.de/10013308327
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"Learning by Doing and the Choice of Technology."
Jovanovic, Boyan; Nyarko, Yaw - 2021
This paper explores a one-agent Bayesian model of learning by doing and technological choice. To produce output, the agent can choose among various technologies. The beneficial effects of learning by doing are bounded on each technology, and so long-run growth in output can take place only if...
Persistent link: https://www.econbiz.de/10013311205
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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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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 in that learning by doing is viewed as the serendipitous exploration of the finite productive potential of invented technologies. At the same time, the profitability of costly...
Persistent link: https://www.econbiz.de/10013246068
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Technical Change, Learning, and Wages
Bartel, Ann P. - 2010
This paper examines the relationship between technological change and wages using pooled cross-sectional industry-level data and several alternative indicators of the rate of introduction of new technology. Our main finding is that industries with a high rate of technical change pay higher wages...
Persistent link: https://www.econbiz.de/10013134931