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knowledge transfer. Empirical analysis of a comprehensive dataset of US multinational R&D and patenting activity provides robust …
Persistent link: https://www.econbiz.de/10012922984
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge...
Persistent link: https://www.econbiz.de/10012995522
higher patenting rates once they have engage in university-firm collaborations. We propose and test two indicators of … scientist and (b) applied for (an eventually granted) patent with non-patent references, where these references are used … across four measures of U.S. high-tech firm success (publishing, patenting, obtaining venture capital, and going public) for …
Persistent link: https://www.econbiz.de/10013052123
Multinational firms that use domestic technologies in foreign locations are required to pay royalties from foreign users to domestic owners. Foreign governments often tax these royalty payments. High royalty tax rates raise the cost of imported technologies. This paper examines the effect of...
Persistent link: https://www.econbiz.de/10013310220
This paper revisits the results of Bloom, Schankerman, and Van Reenen (2013) examining the impact of R&D on the performance of US firms, especially through spillovers. We extend their analysis to include an additional 15 years of data through 2015, and update the measures of firms' interactions...
Persistent link: https://www.econbiz.de/10012899262
This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...
Persistent link: https://www.econbiz.de/10012950057
In this paper, we examine one channel through which the trade regime might affect growth in the long run. We model endogenous technological progress that results from profit maximizing investments by far-sighted entrepreneurs. Productivity in the research lab depends upon the "stock of knowledge...
Persistent link: https://www.econbiz.de/10014157897
We present quantitative and qualitative evidence (field research) on university technology transfer offices (TTOs). These offices negotiate licensing agreements with firms to commercialize university-based technologies. A stochastic frontier production function framework is used to assess the...
Persistent link: https://www.econbiz.de/10013230587
In this paper I develop a positive theory of intergenerational transfers. I argue that transfers are a means to induce retirement. that is, to buy the elderly out of the labor force. The reason why societies choose to do such a thing is that aggregate output is higher if the elderly do not work....
Persistent link: https://www.econbiz.de/10013311879
We use data on imports of computer equipment for a large sample of countries between 1 970 and 1990 to investigate the determinants of computer-technology adoption. We find strong evidence that computer adoption is associated with higher levels of human capital and with manufacturing trade...
Persistent link: https://www.econbiz.de/10013238930