Showing 1 - 10 of 2,839
The paper explores the role of institutional mechanisms in generating technological knowledge spillovers. The estimation is over panel datasets of patent grants, and unpatented innovations that were submitted for prizes at the annual industrial fairs of the American Institute of New York, during...
Persistent link: https://www.econbiz.de/10013040530
U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical … innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations—let alone increase productivity. Great potential exists for innovation in crop and livestock …
Persistent link: https://www.econbiz.de/10013322662
Employing a sample of renowned U.S. inventors that combines biographical detail with information on the patents they received over their careers, we highlight the impact of early U.S. patent institutions in providing broad access to economic opportunity and in encouraging trade in new...
Persistent link: https://www.econbiz.de/10013222992
relating to patenting, robust conclusions regarding the empirical consequences for technological innovation of changes in …
Persistent link: https://www.econbiz.de/10013226916
Recent scholarship highlights the importance of institutions to the processes of economic growth, but the precise nature of their relationship bears further examination. This paper considers how the evolution of legal institutions has contributed to, and in turn been affected by, major...
Persistent link: https://www.econbiz.de/10013234071
While many studies have looked at innovation and adoption of technologies separately, the two processes are linked …
Persistent link: https://www.econbiz.de/10013247437
This paper uses an open economy DSGE model to explore how trade openness affects the transmission of domestic shocks. For some calibrations, closed and open economies appear dramatically different, reminiscent of the implications of Mundell-Fleming style models. However, we argue such stark...
Persistent link: https://www.econbiz.de/10012759680
The U.S. wage structure evolved across the last century: narrowing from 1910 to 1950, fairly stable in the 1950s and 1960s, widening rapidly during the 1980s, and quot;polarizingquot; since the late 1980s. We document the spectacular rise of U.S. wage inequality after 1980 and place recent...
Persistent link: https://www.econbiz.de/10012759725
The purpose of this paper is to apply the theory of Lie transformation groups as developed by the first author, and derive a testable model of production and technical change. The econometric model is then applied to data derived by F. Gollop and D. Jorgenson for U.S. manufacturing industries...
Persistent link: https://www.econbiz.de/10012760052
In this paper, we construct a parsimonious overlapping-generations model of human capital accumulation and study its quantitative implications for the evolution of the U.S. wage distribution from 1970 to 2000. A key feature of the model is that individuals differ in their ability to accumulate...
Persistent link: https://www.econbiz.de/10012760095