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We present a theoretical argument to identify the conditions under which a firm prefers to invest in factor saving innovations rather than neutral innovations. We prove that incentives to invest in factor saving innovations positively depend on i) total factor productivity and ii) the scarcity...
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Japanese IT investment has stagnated. Though some Japanese companies are investing in IT, this does not represent … offensive IT investment. I analyzed what kind of IT investment would lead company profit, growth, and what kind of IT investment … made reluctance for companies. I found out empirical relations between IT investment and corporate productivity. Analyses …
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Purpose: emerging economies lead advanced economies in world investment but lag advanced economies in innovation. We … emerging economies versus advanced economies and we compare total investment and the innovation-to-maintenance investment ratio … small uninsurable risks to the innovation process the model generates the counterfactual predictions of smaller investment …
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