Showing 1 - 10 of 1,712
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10012461715
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … and patents. We document key empirical facts on inventors' productivity over the life cycle, inventors' research teams … better inventors are very strongly correlated with higher subsequent productivity. These facts motivate the main ingredients …
Persistent link: https://www.econbiz.de/10012453248
substantial impacts on manufacturing productivity from relative increases in county market access as railroads expanded. In …
Persistent link: https://www.econbiz.de/10012480538
This paper examines the historical impact of railroads on the American economy. Expansion of the railroad network may have affected all counties directly or indirectly - an econometric challenge that arises in many empirical settings. However, the total impact on each county is captured by...
Persistent link: https://www.econbiz.de/10012459450
Metamorphic progress (productivity growth much faster than average) is often driven by Grilichesian inventions of … methods of inventing. For hybrid seed corn, the enabling invention was double-cross hybridization yielding highly productive …
Persistent link: https://www.econbiz.de/10012468873
. To understand how these changing firm demographics have affected growth, we decompose productivity growth into the firms …
Persistent link: https://www.econbiz.de/10012481972
During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …
Persistent link: https://www.econbiz.de/10012470910
While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for … exporters relative to their more insulated domestic counterparts. Alternatively, the higher productivity of exporters may simply …
Persistent link: https://www.econbiz.de/10012472250
productivity growth, and the exit rate leads all three of these. A vintage capital model in which all technological progress is … operational, both output and productivity increase …
Persistent link: https://www.econbiz.de/10012472866
The 21st century global decline in productivity growth is not well understood. One possible contributor is a decline in … economic dynamism. We explore the contribution of firm formation and employee movement to productivity using administrative … working proprietors, to study the relationships among entry, worker flows and firm productivity. Entrants are more productive …
Persistent link: https://www.econbiz.de/10012453338