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We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012466280
Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress....
Persistent link: https://www.econbiz.de/10012460166
entrant or incumbent firm. If the inventor works for the entrant the innovation is implemented and the entrant displaces the …
Persistent link: https://www.econbiz.de/10014248003
We study the global innovation and diffusion of ideas by introducing trade into the model in Eaton and Kortum (1999 … intensity of innovation within countries over time and diffusion rates across countries. We find significant specialization … across the globe: some countries have high innovation rates, while other countries rely on diffusion. Although innovation is …
Persistent link: https://www.econbiz.de/10013435152
Innovation depends on exporting and, in particular, on scale and competition in export markets. We develop a theory … featuring (1) quality-segmented markets, (2) step-by-step innovation that moves firms forward along the quality ladder, and (3 …) escape-the-competition motives for innovation. We derive four predictions about the impact on innovation of scale and …
Persistent link: https://www.econbiz.de/10013388811
reforms also redistribute innovation across industries in closer alignment to its distribution in the U.S., which we take to … increasing value-added growth rates across all industries, and by larger margins in industries with more innovation potential …
Persistent link: https://www.econbiz.de/10015056150
two strategies toward that end: imitation and innovation. The theory bears predictions about the evolution of the …
Persistent link: https://www.econbiz.de/10012481599
In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...
Persistent link: https://www.econbiz.de/10012453929
' effects on chemical innovation in the U.S. we compare changes in patenting by U.S. inventors in research fields of émigrés ….S. invention. Inventor-level data indicate that émigrés encouraged innovation by attracting new researchers to their fields, rather …
Persistent link: https://www.econbiz.de/10012458702
Researchers have long hypothesized that spillovers from government, university, and private company R&D contribute to economic growth, but these contributions may be difficult to measure when they take a non-pecuniary form. The growth of networking devices and the Internet in the 1990s and 2000s...
Persistent link: https://www.econbiz.de/10012459156