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 …

-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production … and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

Nordhaus framework as a key input into optimal patent policy design: namely, what is the elasticity of R&D investment with …

-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by …

About 20 percent of the gross investment expenditures of U.S. manufacturing firms is expenditures on research and … development. Like investment in physical capital, R&D also responds to news about future prospects of the firm, such as … types of investment to changes in the value of the firm's assets as perceived by financial markets and the interaction of …

resources devoted to R&D and the growth rate of technology. Since innovators are small, this relationship is not directly … innovation technology takes the form assumed in the literature, the actual US R&D intensity may be the socially optimal …