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Measuring the Commercial Potential of Science
Masclans, Roger; Hasan, Sharique; Cohen, Wesley M. - National Bureau of Economic Research - 2024
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
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Global Patterns of Income and Health : Facts, Interpretations, and Policies
Deaton, Angus - 2006
People in poor countries live shorter lives than people in rich countries so that, if we scale income by some index of health, there is more inequality in the world than if we consider income alone. Such international inequalities in life expectancy decreased for many years after 1945, and the...
Persistent link: https://www.econbiz.de/10012465925
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Human Resource Management and Productivity
Bloom, Nicholas - 2010
productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such … literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity … regulation. The largest section analyses the impact of HRM on productivity emphasizing issues of methodology, data and results …
Persistent link: https://www.econbiz.de/10012462634
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The Globalization of the Software Industry : Perspectives and Opportunities for Developed and Developing Countries
Arora, Asish - 2004
The spectacular growth of the software industry in some non-G7 economies has aroused both interest and concern. This paper addresses two sets of inter-related issues. First, we explore the determinants of these successful stories. We then touch upon the broader question of what lessons, if any,...
Persistent link: https://www.econbiz.de/10012468155
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
Are the well-known facts about urbanization in the United States also true for the developing world? We compare American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem to hold as well in Brazil as in the U.S., but China and...
Persistent link: https://www.econbiz.de/10012456671
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Public & private spillovers, location and the productivity of pharmaceutical research
Furman, Jeffrey L.; Kyle, Margaret K.; Cockburn, Iain; … - 2006
productivity (as opposed to manufacturing productivity), we build closely on the theoretical literature on spillovers that suggests …
Persistent link: https://www.econbiz.de/10012454963
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Underestimating the Real Growth of GDP, Personal Income and Productivity
Feldstein, Martin S. - 2017
to underestimate of the rates of growth of real GDP, real personal income, and productivity. That underestimation is …This paper is not about the recent slowdown in measured productivity but that subject is discussed briefly …
Persistent link: https://www.econbiz.de/10012455375
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Technology in the Great Divergence
Clark, Gregory - 2001
In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four …
Persistent link: https://www.econbiz.de/10012470120
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GDP, Technical Change, and the Measurement of Net Income : the Weitzman Model Revisited
Hulten, Charles R. - 2010
change. This provides a bridge between the productivity literature and the welfare-related literature that tends to reason in … terms of net product functions: although the relevant income measure is net of depreciation, productivity is measured based … on gross output. We show that net product, net income, net expenditure and productivity change are complements, not …
Persistent link: https://www.econbiz.de/10012462643