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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
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Political Sentiment and Innovation : Evidence from Patenters
Engelberg, Joseph; Lu, Runjing; Mullins, William; … - National Bureau of Economic Research - 2023
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are...
Persistent link: https://www.econbiz.de/10014337851
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The Next Wave of Energy Innovation : Which Technologies? Which Skills?
Popp, David; Vona, Francesco; Gregoire-Zawilski, Myriam; … - National Bureau of Economic Research - 2022
of low-carbon energy innovation. These include both improvements in physical capital, such as smart grids to aid … document recent trends in energy innovation and discuss the lessons learnt for policy. We then discuss the potential role for … complementary innovation in both physical capital--using smart grids as an example of how policy can help--and human capital, where …
Persistent link: https://www.econbiz.de/10013361997
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Capital and Wages
Acemoglu, Daron - National Bureau of Economic Research - 2024
Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...
Persistent link: https://www.econbiz.de/10014512044
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Schooling, Labor Force Quality, and Economic Growth
Hanushek, Eric A. - 1995
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
Persistent link: https://www.econbiz.de/10012473468
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Incentivizing Innovation in Open Source : Evidence from the GitHub Sponsors Program
Conti, Annamaria; Gupta, Vansh; Guzman, Jorge; Roche, … - National Bureau of Economic Research - 2023
Open source is key to innovation, but we know little about how to incentivize it. In this paper, we examine the impact …'s launch. The second is that the actual receipt of sponsorship has a long-lasting negative effect on innovation, as measured by …
Persistent link: https://www.econbiz.de/10014372425
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The A.I. Dilemma : Growth versus Existential Risk
Jones, Charles I. - National Bureau of Economic Research - 2023
Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to innovate. On the other hand, many experts worry that these advances entail existential risk: creating a superintelligence misaligned with human...
Persistent link: https://www.econbiz.de/10014436968
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Structural Transformation, Industrial Specialization, and Endogenous Growth
Bustos, Paula - 2019
The introduction of new technologies in agriculture can foster structural transformation by freeing workers who find occupation in other sectors. The traditional view is that this reallocation of workers towards manufacturing can lead to industrial development. However, when workers moving to...
Persistent link: https://www.econbiz.de/10012479820
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Innovation, Growth, and Dynamic Gains from Trade
Hsu, Wen-Tai - 2019
trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …
Persistent link: https://www.econbiz.de/10012480413
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Innovation, Diffusion, and Trade
Eaton, Jonathan - 2006
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