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) resources in process innovation. We draw on a rich data set of Internet investments by 86,879 U.S. establishments to examine … decisions to invest in advanced Internet technology. We find evidence of localization of substitution. In particular, we show …
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) resources in process innovation. We draw on a rich data set of Internet investments by 86,879 U.S. establishments to examine … decisions to invest in advanced Internet technology. We show that the marginal contribution of internal resources is greater …
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Information technology (IT) matters to prosperity. The top patenters are increasingly IT companies. We use data on US patents to document four trends in IT patenting. First, firm-level concentration in IT patenting is increasing over time. Second, geographic concentration in IT patenting is...
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There has been a great deal of speculation that machine learning might be a general purpose technology. Many other emerging technologies receive similar speculation. However, general purpose technologies are typically identified with the benefit of many years of hindsight. For managers deciding...
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