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1
The Productivity J-Curve : How Intangibles Complement General Purpose Technologies
Brynjolfsson, Erik
-
2018
General purpose technologies (GPTs) such as AI enable and require significant complementary investments, including co-invention of new processes, products, business models and human capital. These complementary investments are often intangible and poorly measured in the national accounts, even...
Persistent link: https://www.econbiz.de/10012480800
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2
Intellectual Capital and the Firm : The Technology of Geographically Localized Knowledge Spillovers
Zucker, Lynne G.
-
1994
We examine the effects of university-based star scientists on three measures of performance for California biotechnology enterprises: the number of products in development, the number of products on the market, and changes in employment. The `star' concept which Zucker, Darby, and Brewer (1994)...
Persistent link: https://www.econbiz.de/10012473953
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3
Intellectual Capital and the Birth of U.S. Biotechnology Enterprises
Zucker, Lynne G.
-
1994
We examine the relationship between the intellectual capital of scientists making frontier discoveries, the presence of great university bioscience programs, the presence of venture capital firms, other economic variables, and the founding of U.S. biotechnology enterprises during 1976-1989....
Persistent link: https://www.econbiz.de/10012474283
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4
Household Innovation, R&D, and New Measures of Intangible Capital
Sichel, Daniel
-
2019
Household R&D (or household innovation) is an important source of innovation that has to date been largely overlooked in research related to national accounts. Indeed, it is not currently counted as investment in the literatures on household production and human capital. This paper develops time...
Persistent link: https://www.econbiz.de/10012479552
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5
Measuring Intangible Capital with Market Prices
Ewens, Michael
-
2019
Existing standards prohibit disclosures of internally created intangible capital to firm balance sheets, resulting in a downward bias of reported assets. To characterize off-balance sheet intangible assets, we use transaction prices to estimate this missing intangible capital. On average, our...
Persistent link: https://www.econbiz.de/10012479910
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6
The
Measurement
of Firm-Specific Organization Capital
Lev, Baruch
-
2003
We develop a firm-specific measure of organization capital and estimate it for a sample of approximately 250 companies. We test the validity of the organization capital measure within a widely used investment valuation model and show that our organization capital estimate contributes...
Persistent link: https://www.econbiz.de/10012469118
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7
Sweat Equity in U.S. Private Business
Bhandari, Anmol
-
2018
In this paper, we first provide evidence that existing measures of business incomes and valuations based on widely-used surveys such as the Survey of Consumer Finances are mismeasured. We then develop a theory disciplined by U.S. national accounts and business census data to measure net incomes...
Persistent link: https://www.econbiz.de/10012453196
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8
Shaping Inequality and Intergenerational Persistence of Poverty : Free College or Better Schools
Krueger, Dirk
;
Ludwig, Alexander
;
Popova, Irina
-
National Bureau of Economic Research
-
2024
We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to encourage college completion, such as making college free and improving funding for public schooling. To do so, we construct a general equilibrium overlapping generations model with...
Persistent link: https://www.econbiz.de/10014544745
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9
Labor Market Effects of Short-Cycle Higher Education Programs : Lessons from Colombia
Ferreira, María M.
;
Galindo, Camila
;
Urzua, Sergio
-
National Bureau of Economic Research
-
2022
This paper estimates the heterogeneous labor market effects of enrolling in higher education short-cycle (SC) programs. Expanding access to these programs might affect the behavior of some students (compliers) in two margins: the expansion margin (students who would not have enrolled in higher...
Persistent link: https://www.econbiz.de/10013334396
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10
Measuring Knowledge
Heckman, James J.
;
Zhou, Jin
-
National Bureau of Economic Research
-
2022
Empirical studies in the economics of education, the
measurement
of skill gaps across demographic groups, and the …
Persistent link: https://www.econbiz.de/10013191084
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