Showing 1 - 10 of 9,148
firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative … industrial technology …
Persistent link: https://www.econbiz.de/10012458447
I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...
Persistent link: https://www.econbiz.de/10012465087
unravel. Third, I model the endogenous determination of technology or organizational form that results from firms' tailoring … heterogeneity, the more flexible and wage-disequalizing is the equilibrium technology. Moreover, firms' choices tend to generate … excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how …
Persistent link: https://www.econbiz.de/10012468322
innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations--let alone increase productivity. Great potential exists for innovation in crop and …U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical …
Persistent link: https://www.econbiz.de/10012481789
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
persistence of productivity growth differentials between nations despite a common technology, constant returns to scale and … specification. The source of productivity (growth) differentials in our model is the existence of a non-traded capital good ('human … consider the influence on productivity growth differentials of private thrift, public debt, the taxation of capital and savings …
Persistent link: https://www.econbiz.de/10012475378
-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the …
Persistent link: https://www.econbiz.de/10012467958
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
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … displaced the older technology, called vertically integrated production, and this reallocation of output was responsible for a …
Persistent link: https://www.econbiz.de/10012459923
. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …
Persistent link: https://www.econbiz.de/10012458604