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This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
evolution of innovation across time and space and its effect on productivity. We document a substantial rise of international … productivity (TFP) growth in a panel of country-sectors from 2000 to 2014, as well as on aggregate income per capita since 1960. To …
Persistent link: https://www.econbiz.de/10013193741
energy productivity growth. We draw on the Solow growth model to build a benchmark exogenous framework to explore the basic … growth rates of energy productivity are the same across countries in the balanced growth path equilibrium, but the cross … levels of energy productivity. The economy that has a stronger capacity of assimilating foreign technology diffusion and …
Persistent link: https://www.econbiz.de/10010344238
relevance of this technology for generating new innovations in different sectors in importing countries. We develop an … new innovations (measured using the forward citations those patents receive). Effects are substantially larger for … knowledge-weighted imports of embodied technology, which also lead to improvements in the average quality of new innovations. …
Persistent link: https://www.econbiz.de/10014253761
We contribute to the Responsible Research and Innovation (RRI) literature in two ways: (i) we consider how societal aspects are taken into account in research and innovation activities in four fundamentally different futures, as opposed to analysing current practices; and (ii) put the emphasis...
Persistent link: https://www.econbiz.de/10012623748
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
&D knowledge located in the US. The positive influence on total factor productivity is larger if the research of the inventors …
Persistent link: https://www.econbiz.de/10010443152
&D knowledge located in the US. The positive influence on total factor productivity is larger if the research of the inventors …-how. -- technology sourcing ; knowledge spillovers ; productivity ; open innovation …
Persistent link: https://www.econbiz.de/10009538027
Human development, in combination with technology, yields economic growth which, in turn, is necessary to generate further advances in human development. This paper focuses on the first channel above and finds the relationship significant. Secondly, the paper tries to investigate what affects...
Persistent link: https://www.econbiz.de/10009355741