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A Conceptual Framework for Interpreting Recorded Human History
Weingast, Barry R.; North, Douglass C; Wallis, John Joseph - National Bureau of Economic Research (NBER) - 2006
Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed polities suggests that the connection between economics and politics must be a fundamental part of the development...
Persistent link: https://www.econbiz.de/10005714272
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Building State Capacity: Evidence from Biometric Smartcards in India
Muralidharan, Karthik; Niehaus, Paul; Sukhtankar, Sandip - National Bureau of Economic Research (NBER) - 2014
Anti-poverty programs in developing countries are often difficult to implement; in particular, many governments lack the capacity to deliver payments securely to targeted beneficiaries. We evaluate the impact of biometrically-authenticated payments infrastructure ("Smartcards") on beneficiaries...
Persistent link: https://www.econbiz.de/10010950950
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The Acquisition and Commercialization of Invention in American Manufacturing: Incidence and Impact
Arora, Ashish; Cohen, Wesley M.; Walsh, John P. - National Bureau of Economic Research (NBER) - 2014
, suppliers and technology specialists. We also estimate the contribution of each source to innovation in the US economy. Although … rate of innovation in the economy. Indeed, results from a multinomial logit model suggest that, were the outside … availability of innovation to be removed, the percentage of innovating firms in the U.S. manufacturing sector would drop from 18 …
Persistent link: https://www.econbiz.de/10010951285
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What Do We Learn From Schumpeterian Growth Theory?
Howitt, Peter; Aghion, Philippe; Akcigit, Ufuk - National Bureau of Economic Research (NBER) - 2013
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
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Unemployment and Innovation
Stiglitz, Joseph E. - National Bureau of Economic Research (NBER) - 2014
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 …, there will be a bias towards excessive labor augmenting innovation, resulting in too high unemployment, with convergence to …
Persistent link: https://www.econbiz.de/10010960443
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Catch-up and Fall-back through Innovation and Imitation
Benhabib, Jess; Perla, Jesse; Tonetti, Christopher - National Bureau of Economic Research (NBER) - 2012
frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …
Persistent link: https://www.econbiz.de/10011271400
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Localized and Biased Technologies: Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change
Acemoglu, Daron - National Bureau of Economic Research (NBER) - 2014
. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …
Persistent link: https://www.econbiz.de/10011262792
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Cross-Sectoral Variation in The Volatility of Plant-Level Idiosyncratic Shocks
Castro, Rui Luís de; Lee, Yoonsoo; Clementi, Gian Luca - National Bureau of Economic Research (NBER) - 2011
We estimate the volatility of plant-level idiosyncratic shocks in the U.S. manufacturing sector. Our measure of volatility is the variation in Revenue Total Factor Productivity which is not explained by either industry- or economy-wide factors, or by establishments' characteristics. Consistent...
Persistent link: https://www.econbiz.de/10009652750
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What Makes Them Tick? Employee Motives and Firm Innovation
Sauermann, Henry; Cohen, Wesley M. - National Bureau of Economic Research (NBER) - 2008
to benefit innovation more than extrinsic motives such as pay. …
Persistent link: https://www.econbiz.de/10005720889
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Schumpeterian Profits in the American Economy: Theory and Measurement
Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2004
The present study examines the importance of Schumpeterian profits in the United States economy. Schumpeterian profits are defined as those profits that arise when firms are able to appropriate the returns from innovative activity. We first show the underlying equations for Schumpeterian...
Persistent link: https://www.econbiz.de/10005828659