Showing 1 - 10 of 18
This paper empirically shows that innovation in Information Technology (IT) has become increasingly dependent on and … intertwined with innovation in software. This change in the nature of IT innovation has had differential effects on the …’s contribution in IT innovation and the differential innovation performance of US and Japanese electronics, semiconductors, and …
Persistent link: https://www.econbiz.de/10009441225
Cointegration techniques are applied to a model of induced innovation based on the two-stage Constant Elasticity of … price shocks. Thus, the Induced Innovation Hypothesis (IIH) may explain long-run transformations like the mechanical and …
Persistent link: https://www.econbiz.de/10009480501
pursue a fairly rigorous ''make'' policy in the early days of a potentially disruptive innovation. Other studies prescribe …
Persistent link: https://www.econbiz.de/10009483248
on farm mechanization. The rates and directions of biased technological change based on the induced innovation theory are … of unauthorized workers. Unlike previous studies of induced innovation, this paper develops a new theoretical and … empirical model of induced innovation using a profit maximization approach. The contribution of the profit maximization approach …
Persistent link: https://www.econbiz.de/10009442506
The objective of this paper is to analyze sources of labor productivity growth in the Kansas farm sector over the period 1993-2006 for a sample of 668 farms. The nonparametric production frontier method is used to decompose labor productivity growth into three components: (1) technological...
Persistent link: https://www.econbiz.de/10009443295
Sound energy and environmental policies require reliable forecasts of production and pollution, as well as supply response to policy actions. In this study, we describe a model for forecasting long-term production and pollution in the offshore oil and gas industry in the Gulf of Mexico under...
Persistent link: https://www.econbiz.de/10009444227
It is well recognized that the statistical reliability of the conventional method of estimating the effects of technological change on producer welfare is often quite poor. I present a method that enhances the statistical reliability of such estimates. I emphasize that when measuring the welfare...
Persistent link: https://www.econbiz.de/10009444347
A growth accounting and an econometric exercise are used to provide insights into the evolution of the Taiwanese economy over the period 1966-96. The approach links the GDP function of a multiple sector neoclassical growth model to growth accounting and, subsequently to the estimation of the...
Persistent link: https://www.econbiz.de/10009444529
The universal theme of deregulation of the electricity industry is the dismantling of the exclusive franchise, opening up some segments of the industry to competition. Technological changes in generation have helped eliminate the perception that generation is a natural monopoly, but this change...
Persistent link: https://www.econbiz.de/10009445430
In their 1963 classic Scarcity and Growth Howard Barnett and Chandler Morse argued that resource scarcity did not threaten economic growth. A second investigation in the late 1970s, Scarcity and Growth Reconsidered, reached largely the same conclusion. The 25 years since that work was published...
Persistent link: https://www.econbiz.de/10009445434