Showing 1 - 10 of 237
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010553118
&D Survey conducted by the Census Bureau and National Science Foundation. The developed platform offers an unprecedented view of …
Persistent link: https://www.econbiz.de/10005058618
We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
Persistent link: https://www.econbiz.de/10010859497
This paper examines the evolution of productivity in U.S. manufacturing plants from 1963 to 1992. We define a “vintage effect” as the change in productivity of recent cohorts of new plants relative to earlier cohorts of new plants, and a “survival effect” as the change in productivity of...
Persistent link: https://www.econbiz.de/10005014669
plants from the Census Longitudinal Research Database. Extant empirical research has suggested the rejection of this model …
Persistent link: https://www.econbiz.de/10005014671
The information systems (IS) "productivity paradox" is based on those studies that found little or no positive relationship between firm productivity and spending on IS. However, some earlier studies and one more recent study have found a positive relationship. Given the large amounts spent by...
Persistent link: https://www.econbiz.de/10005014672
This paper is a theoretical and empirical investigation of the connection between science, R&D, and the growth of … capital. Studies of high technology industries and recent labor studies agree in assigning a large role to science and … science, R&D, and factor markets suggested by these studies. In our theory lagged science increases the returns to R&D, so …
Persistent link: https://www.econbiz.de/10005014673
Part of the uniqueness of the immigrant Asian business community in the U.S. lies in the fact that many among the highly educated pursue self-employment in small-scale, low-yielding retail and personal service fields. This study analyzes owner departure for a nationwide sample of small...
Persistent link: https://www.econbiz.de/10005014674
In recent years a growing number of countries have constructed data series on job creation and job destruction using establishment-level data sets. This paper provides a description and detailed comparison of these new data series for the United States and Canada. First, the Canadian and United...
Persistent link: https://www.econbiz.de/10005014678
previous research claim that these transplants are more productive than incumbent plants and that they produce with a …
Persistent link: https://www.econbiz.de/10005014679