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Being a "jack-of-all-trades" increases the probability of running an entrepreneurial venture successfully; but what happens to "jack-of-few-trades" who lack sufficient skills? This paper investigates a possible compensation mechanism between balanced skills and cities, and how this compensatory...
Persistent link: https://www.econbiz.de/10009723599
Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...
Persistent link: https://www.econbiz.de/10012001438
innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …
Persistent link: https://www.econbiz.de/10014226119
Persistent link: https://www.econbiz.de/10008695959
"We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10003960396
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knowledge of new inventors effect the performance of regional innovation systems (RIS). The results suggest that the knowledge … considerable number of incumbent inventors discontinue. We estimate the persistence of knowledge in regional inventor networks … using alternative assumptions about knowledge transfer. Based on these estimates we analyze how the size and structure of a …
Persistent link: https://www.econbiz.de/10011904394
While a market economy seeks equilibrium, a knowledge-based economy may upset this tendency towards stabilization by … innovation, and institutional control can be captured with a generalized Triple Helix model. We propose to use the mutual … Netherlands are tested: medium-tech manufacturing is the main driver of a knowledge-based configuration in a regional economy …
Persistent link: https://www.econbiz.de/10003063968
We investigate the contribution of different inputs, particularly different knowledge sources, on regional patenting … output in the framework of a knowledge production function. The knowledge sources included are R&D employment, size of public … departments, German Science Foundation (DFG), and from other sources. The contribution of these knowledge sources is tested …
Persistent link: https://www.econbiz.de/10003064446