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, suppliers and technology specialists. We also estimate the contribution of each source to innovation in the US economy. Although … those from technology specialists. As a group, external sources of invention make a significant contribution to the overall …
Persistent link: https://www.econbiz.de/10010951285
We examine the impact of individual-level motives upon innovative effort and performance in firms. Drawing from economics and social psychology, we develop a model of the impact of individuals' motives and incentives upon their innovative effort and performance. Using data on over 11,000...
Persistent link: https://www.econbiz.de/10005720889
We offer new evidence on indigenous innovation and intellectual returnees by estimating the relationship between patenting by Chinese photovoltaic firms and the presence of corporate leaders with international experience. Our research approach combines data from three sources: the industrial...
Persistent link: https://www.econbiz.de/10010821841
Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010951386
This paper analyzes equilibrium, dynamics, and optimal decisions on the factor bias of innovation in a model of induced innovation. In a model with full employment, we show that (a) if the elasticity of substitution is always less than or greater than unity, there is a unique steady state...
Persistent link: https://www.econbiz.de/10010960443
Will fast growing emerging economies sustain rapid growth rates until they "catch-up" to the technology frontier? Are … technology diffusion, with the productivity of imitation modeled by a catch-up function that increases with distance to the …
Persistent link: https://www.econbiz.de/10011271400
This paper revisits the important ideas proposed by Atkinson and Stiglitz's seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three...
Persistent link: https://www.econbiz.de/10011262792
define technology as strongly labor saving if the aggregate production function of the economy exhibits decreasing … progress and technology adoption. In standard endogenous growth models, which feature a strong scale effect, an increase in the … differences in the appropriate index of technology, theta, and labor. Conversely, technology is strongly labor complementary if …
Persistent link: https://www.econbiz.de/10005778012
aggregate production function of the economy in factors and technology. This type of failure of joint concavity is quite …The study of the bias of new technologies is important both as part of the analysis of the nature of technology … this paper, I analyze the equilibrium bias of technology. I distinguish between the relative bias of technology, which …
Persistent link: https://www.econbiz.de/10005049961
" machines and thus creates environmental degradation. Research can be directed to improving the technology of machines in either … can be achieved with temporary taxation of dirty innovation and production; (ii) optimal policy involves both "carbon … exhaustible resource in dirty input production helps the switch to clean innovation under laissez-faire when the two inputs are …
Persistent link: https://www.econbiz.de/10008614634