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information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … detailed measures of knowledge outputs, knowledge investments, and sources of existing knowledge. We find that globally engaged …
Persistent link: https://www.econbiz.de/10012467200
knowledge accumulates as technology progresses, then successive generations of innovators may face an increasing educational … negative implications for growth. I develop a formal model of this "knowledge burden mechanism" and derive six testable … sufficiently rapid increase in the burden of knowledge. In cross-section, the model predicts that specialization and teamwork will …
Persistent link: https://www.econbiz.de/10012467323
Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …
Persistent link: https://www.econbiz.de/10012453175
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …
Persistent link: https://www.econbiz.de/10012458650
How does the formation of cross-country teams affect the organization of work and the structure of wages? To study this question we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents specialize in production and more skilled agents...
Persistent link: https://www.econbiz.de/10012467591
the knowledge-capital model', which simultaneously generates motives for both horizontal and vertical multinational …
Persistent link: https://www.econbiz.de/10012471624
Mounting evidence documents a stark correlation between income and health, yet the causal mechanisms behind this gradient are poorly understood. This paper examines the impact of access to expertise on health, and whether unequal access to expertise contributes to the health-income gradient. Our...
Persistent link: https://www.econbiz.de/10012479570
neoclassical model of investment with physical capital, quasi-fixed labor, and two types of intangible capital, knowledge and brand …'s market value, installed labor force accounts for 14% to 22%, knowledge capital accounts for 20% to 43%, and brand capital … of knowledge capital increased, especially in high-tech industries. Overall, our analysis provides direct empirical …
Persistent link: https://www.econbiz.de/10012480058
have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment …
Persistent link: https://www.econbiz.de/10012482014
for retirement. Many respondents display limited knowledge and understanding of public and company-provided retirement … remainder of their lifetimes, many do not possess enough basic financial knowledge to confidently make optimal choices …
Persistent link: https://www.econbiz.de/10012462045