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It has been argued that “General Purpose Technologies” (GPTs) have the power to change the pace and direction of economic progress. Although there is empirical evidence on the virtuous effect of the diffusion of these technologies, this evidence is mostly based, if not exclusively, on...
Persistent link: https://www.econbiz.de/10012852646
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10013316352
accessing useful knowledge by adopting, producing, and diffusing new ideas. Combining location information for the universe of 3 … arose through agglomeration economies and localized knowledge spillovers. To support this claim, we provide evidence … the same society had higher similarity in patenting, suggesting that social networks facilitated spatial knowledge …
Persistent link: https://www.econbiz.de/10013279290
accessing useful knowledge by adopting, producing, and diffusing new ideas. Combining location information for the universe of 3 … arose through agglomeration economies and localized knowledge spillovers. To support this claim, we provide evidence … the same society had higher similarity in patenting, suggesting that social networks facilitated spatial knowledge …
Persistent link: https://www.econbiz.de/10013285574
technological knowledge network increased and that the majority of technological fields became more interconnected over time. We …
Persistent link: https://www.econbiz.de/10011983899
' access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm's technical knowledge … knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that only when knowledge … markups, falling labor share and productivity growth. Patents are an important obstacle to knowledge diffusion. We find an …
Persistent link: https://www.econbiz.de/10014383652
' access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm's technical knowledge … knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that the dissipation of knowledge … leads to high market concentration and markups, falling labor share and decelerating productivity only when knowledge …
Persistent link: https://www.econbiz.de/10014416148
considering knowledge diffusion on a Salop (1979) circle. Completing markets by pricing knowledge allows us to compare the private … value of innovations with the social one. This comparison sheds a new light on the consequences of non-rivalry of knowledge …
Persistent link: https://www.econbiz.de/10010252161
-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard … Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … simultaneously sending and receiving knowledge is located over the circle. The link between knowledge diffusion and scale effects …
Persistent link: https://www.econbiz.de/10011515411
We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation. in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...
Persistent link: https://www.econbiz.de/10010485007