Showing 1 - 10 of 278
assumptions information about energy expenditures, knowledge spillovers and the parameters governing the R&D process are …
Persistent link: https://www.econbiz.de/10011334550
change induced by R&D and knowledge stock accumulation, this paper presents an exposition, both analytically and numerically … incorporated into China’s growth mechanism, then at some tipping point in time when marginal welfare gain of R&D for knowledge …, and R&D have a balanced share of 5: 4: 1, consumption, capital stock, and knowledge stock all grow at a rate of 4.9%, and …
Persistent link: https://www.econbiz.de/10011451689
International diffusion of advanced environment and energy-related technologies has received much attention in recent environmental economics studies. As a much needed complement to the "black box" complex numerical modelling, this paper contributes to developing a simple, intuitive analytical...
Persistent link: https://www.econbiz.de/10010344238
technology tend to diverge due to cross-country differences in indigenous innovation efficiencies and knowledge absorptive … capacities. An economy with a stronger capacity of absorbing foreign knowledge diffusion and undertaking indigenous research …
Persistent link: https://www.econbiz.de/10010496810
We construct a multi-layer model of skills, occupations, and sectors. Technological progress among middle-skill occupations raises the employment shares and relative wages of lower- and higher-skill occupations (horizontal polarization), and those of managers over workers (vertical...
Persistent link: https://www.econbiz.de/10012037309
This paper analyzes the relationship between the diffusion of new technologies and the decentralization of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the other hand, delegates authority to...
Persistent link: https://www.econbiz.de/10005857786
successfully nurtured its high-end human capital for technological learning and is poised for a smooth transition to a knowledge …
Persistent link: https://www.econbiz.de/10003781183
This paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. Two databases - one on governance ratings and the other on R&D intensity - are merged to obtain a multi-country, multi-sector sample of 279 European companies involved in R&D...
Persistent link: https://www.econbiz.de/10008907733
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10008735730
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10008735766