Showing 1 - 10 of 1,295
We examine the rise of cloud computing and AI in China and their impacts on industry dynamics after the shock to the cost of Internet-based computing power and services. We find that cloud computing is associated with an increase in firm entry, exit and the likelihood of M&A in industries that...
Persistent link: https://www.econbiz.de/10015056134
, patents, essential employees --- before it can be utilized in production. Storage implies that intangible capital may be …
Persistent link: https://www.econbiz.de/10013362030
investigate the influence of a key element of social capital - trust - on labour productivity in intangible-intensive industries …. We find that in such industries, productivity gains from high levels of trust are stronger than elsewhere, while too … strict hiring and firing regulations are more damaging for productivity. Using a more limited sample for which data on …
Persistent link: https://www.econbiz.de/10014544791
Recent research on financial market valuation of the knowledge assets of publicly traded firms is surveyed. The motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is briefly presented. Then the empirical literature that relates...
Persistent link: https://www.econbiz.de/10012471824
This paper presents estimates of the R&D depreciation rate using survey data on Australian inventions. Its novelty is twofold. First, it relies on direct observation of the revenue streams of inventions. This is in sharp contrast with previous studies, which all rely on models based on indirect...
Persistent link: https://www.econbiz.de/10012455608
-house confers a sector-neutral productivity advantage facilitating within-firm structural transformation. Consistent with the model …
Persistent link: https://www.econbiz.de/10013334346
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
this question using a unique database of artificial intelligence patents publicly shared by the USPTO. Our identification … significant rise in the number of female inventors and an increase in the number of patents with females on inventor teams vis … artificial intelligence patents with female inventors on the team improved. Results are robust controlling for unobserved …
Persistent link: https://www.econbiz.de/10014576575
We introduce new historical administrative data identifying U.S. government-funded patents since the early twentieth … century. In addition to the funding agency, the data report whether the government has title to the patent ("title" patents …) or funded a patent assigned to a private organization ("license" patents). The data include a large number of "license …
Persistent link: https://www.econbiz.de/10014486228
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008