Showing 1 - 10 of 525
We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We provide estimates based on cross-sectional as well as...
Persistent link: https://www.econbiz.de/10010321391
Does FDI affect productivity growth, innovation, and knowledge sourcing activities ofdomestic firms? This study employs …
Persistent link: https://www.econbiz.de/10009360488
analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and …
Persistent link: https://www.econbiz.de/10010321457
Do higher wages lead to more automation innovation? To answer this question, we first use the frequency of certain … keywords in patent text to create a new measure of automation innovation in machinery. We show that our measure is correlated …-level panel analysis, we find that an increase in low-skill wages leads to more automation innovation with an elasticity between 2 …
Persistent link: https://www.econbiz.de/10012513584
In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...
Persistent link: https://www.econbiz.de/10014550280
innovation and other aspects of firm performance. They suggest that private VC tends to have larger effects than government VC …
Persistent link: https://www.econbiz.de/10014547808
A key aspect of generating new ideas is drawing from different elements of past knowledge and combining them into a new idea. In such a process, the diversity of ideas plays a central role. This paper examines the empirical question of how the internet affected the diversity of new research by...
Persistent link: https://www.econbiz.de/10010316896
This paper analyzes a model in which creative activity and the security of intellectual property rights are jointly determined, both depending on the choices made by potentially creative people either to engage in creative activity or to be pirates of the ideas created by others and on the...
Persistent link: https://www.econbiz.de/10010420281
This paper studies an analytically tractable model of the formation and evolution of chains of production. Over time, entrepreneurs accumulate techniques to produce their good using goods produced by other entrepreneurs and labor as inputs. The value of a technique depends on both the...
Persistent link: https://www.econbiz.de/10010292100
This paper discusses the technological change and financial innovation that commercial banking has experienced during … change and financial innovation can improve social welfare. We then survey the literature relating to several specific …
Persistent link: https://www.econbiz.de/10010292293