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technology was a major part of the government response. The U.S. Office of Scientific Research and Development (OSRD) led a major … World War II innovation model in other crises. In this essay we describe exactly how it worked. We do so first through a … general overview of how OSRD approached several questions that may confront any crisis innovation effort: priority setting …
Persistent link: https://www.econbiz.de/10012482128
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …
Persistent link: https://www.econbiz.de/10012465131
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …
Persistent link: https://www.econbiz.de/10012465611
revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological …
Persistent link: https://www.econbiz.de/10012466795
Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more …
Persistent link: https://www.econbiz.de/10012496087
-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures …
Persistent link: https://www.econbiz.de/10012480899
Venture capital is associated with some of the most high-growth and influential firms in the world. Academics and practitioners have effectively articulated the strengths of the venture model. At the same time, venture capital financing also has real limitations in its ability to advance...
Persistent link: https://www.econbiz.de/10012481347
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …
Persistent link: https://www.econbiz.de/10012481729
questions about the pro-cyclicality of VC and its implications for innovation, especially in light of the common narrative that … VC is relatively insulated from public markets. We find that the implications for innovation are not benign: innovation … discussion on the nature of innovation across business cycles …
Persistent link: https://www.econbiz.de/10012481733
This paper examines the impact of government-sponsored venture capitalists (GVCs) on the success of enterprises. Using international enterprise-level data, we identify a surprising non-monotonicity in the effect of GVC on the likelihood of exit via initial public offerings (IPOs) or third party...
Persistent link: https://www.econbiz.de/10012462136