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As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
technological externalities, or spillovers. In addition to reviewing the recent empirical research on technology spillovers, the … technology spillovers through international trade and the activity of multinational enterprises. The analysis also highlights …
Persistent link: https://www.econbiz.de/10013070643
performance of US firms, especially through spillovers. We extend their analysis to include an additional 15 years of data through … magnitude of R&D spillovers appears to have been broadly similar in the second decade of the 21st Century as it was in the mid … evidence that the divergence between public and private return has narrowed. Positive spillovers appeared to increase in the …
Persistent link: https://www.econbiz.de/10012899262
The paper explores the role of institutional mechanisms in generating technological knowledge spillovers. The … were patented, indicating the prevalence of geographical spillovers. By contrast, prize innovations were much less likely … and unpatented innovations, whereas prizes are less effective in generating external benefits from knowledge spillovers. I …
Persistent link: https://www.econbiz.de/10013040530
entrepreneurs at firms upstream from and in the same industry as the joint venture (backward and horizontal spillovers, respectively … of the WTO, there have been two opposing effects. While joint venture spillovers have increased, the shift towards wholly … foreign-owned FDI has reduced spillovers because we find larger industry spillovers from international joint ventures than …
Persistent link: https://www.econbiz.de/10012922982
Coe and Helpman(1995) have measured the extent to which technology spills over between industrialized countries through the particular channel of trade flows. This paper re-examines two particular features of their study. First, we suggest that their functional form of how foreign R&D affects...
Persistent link: https://www.econbiz.de/10013221859
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment … productivity gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 14% of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for imports-related spillovers, but it …
Persistent link: https://www.econbiz.de/10013222892
We present a model of R&D-driven growth which predicts that technology, in the form of product designs and created through R&D investments, is transmitted to other domestic and foreign sectors by being embodied in differentiated intermediate goods. Empirical results are presented employing data...
Persistent link: https://www.econbiz.de/10013239935
various industry, with an average somewhere close to 50%. The channels of diffusion of the spillovers vary considerably and … of business activities, international technology transfers will be a major source of new R&D spillovers …
Persistent link: https://www.econbiz.de/10013249157
In this paper, I analyze recent findings by Coe and Helpman (1995) on trade-related international R&D spillovers. A …. The finding casts doubt on the claim that patterns of international trade are important in driving R&D spillovers …
Persistent link: https://www.econbiz.de/10013249690