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Intellectual property rights and the evergreening of pharmaceuticals
Boscheck, Ralf - In: Intereconomics 50 (2015) 4, pp. 221-226
exclusivity for pharmaceuticals products and evaluates safeguards against such evergreening. …
Persistent link: https://www.econbiz.de/10011773251
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Determinants of pharmaceutical innovation: The role of technological opportunities revisited
Rake, Bastian - 2012
pharmaceuticals. At the same time many scholars point out the importance of of scientific advances for the industry's R&D activities … number of new pharmaceuticals in the United States. Technological opportunities are operationalized as growth rates of the …-maximum likelihood estimator. The results reveal a rather robust and significantly positive response of the number of new pharmaceuticals …
Persistent link: https://www.econbiz.de/10010291820
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Technology shocks, employment, and labor market frictions
Mandelman, Federico S.; Zanetti, Francesco - 2008
Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the standard real business cycle model fails to account for this empirical regularity. Can the presence of labor market frictions address this problem without otherwise altering the...
Persistent link: https://www.econbiz.de/10010292305
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Learning, adaptive expectations, and technology shocks
Huang, Kevin X. D.; Liu, Zheng; Zha, Tao - 2008
This study explores the macroeconomic implications of adaptive expectations in a standard real business cycle model. When rational expectations are replaced by adaptive expectations, we show that the self-confirming equilibrium is the same as the steady-state rational expectations equilibrium...
Persistent link: https://www.econbiz.de/10010292324
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Technological progress under learning by imitation
Kelly, Morgan - 2005
We analyse technological progress when knowledge has a large tacit component so that transmission of knowledge takes place through direct personal imitation. It is shown that the rate of technological progress depends on the number of innovators in the same knowledge network. Assuming the...
Persistent link: https://www.econbiz.de/10010293845
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Carbon taxes, path dependency and directed technical change: Evidence from the auto industry
Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - 2012
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between dirty (internal combustion engine) and clean (e.g. electric and hybrid) patents across 80 countries over several decades. We show that firms...
Persistent link: https://www.econbiz.de/10010294270
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Export market exit and firm survival: Theory and first evidence
Hiller, Sanne; Schröder, Philipp J. H.; Sørensen, Allan - 2013
This paper deploys a dynamic extension of the Melitz (2003) model to generate predictions on export market exit and firm survival in a setting where firms endogenously make exit decisions. The central driver of the model dynamics is the inclusion of exogenous economy wide technological progress....
Persistent link: https://www.econbiz.de/10010294475
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Technology Shocks and Employment in Open Economies
Tervala, Juha - 2007
A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...
Persistent link: https://www.econbiz.de/10010295248
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Technology Shocks and Employment in Open Economies
Tervala, Juha - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2007) 2007-15, pp. 1-27
A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...
Persistent link: https://www.econbiz.de/10010295298
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Long-term unemployment, technical progress and capital mobility in an open growth-matching model
Birk, Angela - 2002
How does technical progress affect long-term unemployment in a small open economy? This relationship is evaluated in an open neoclassical growth model that is extended by a Pissarides-style labor market matching approach. In the general equilibrium model, the labor market of the three factor...
Persistent link: https://www.econbiz.de/10010295494