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This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …
Persistent link: https://www.econbiz.de/10010285349
consumer goods sector. We find that patent filings are positively associated with subsequent product innovation by firms, but … at least half of product innovation and growth comes from firms that never patent. We also find that market leaders use … innovation decisions. We show that the private value of a patent is particularly high for large firms as patents protect large …
Persistent link: https://www.econbiz.de/10012389581
broad definition-to include technological advances, rising labor productivity, public and private infrastructure …
Persistent link: https://www.econbiz.de/10011545297
This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions. Across...
Persistent link: https://www.econbiz.de/10012819000
when we include R&D moments in the estimation. Finally, we study the link between firm heterogeneity and R&D subsidies, and …
Persistent link: https://www.econbiz.de/10012143893
This paper develops a fully-endogenous, variety-expansion growth model with firm-specific quality heterogeneity, limit pricing, and an endogenous distribution of markups.Trade induces only firms with high-quality products to export, whereas firms with low-quality products serve only the domestic...
Persistent link: https://www.econbiz.de/10009302529
to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … many countries. We conclude that the productivity gains through labour re-allocation are potentially a significant …
Persistent link: https://www.econbiz.de/10010263207
productivity growth in semi-industrialized economies. These effects are hypothesized to operate through the negative impact of firm … raise productivity in defense of profits, contributing to a low wage-low productivity trap. This paper presents empirical … evidence, based on panel data fixed effects and GMM estimation for 37 semi-industrialized economies, that supports the causal …
Persistent link: https://www.econbiz.de/10010266557
Persistent link: https://www.econbiz.de/10011807541
education, and in consequence, inequality increases. We also show that wages and productivity gaps between high-tech and low …
Persistent link: https://www.econbiz.de/10014577252