Showing 1 - 10 of 556
We study the redistributive effects of a gradual productivity shift from tangible to intangible capital. Intangible asset creation relies on the commitment of skilled human capital. To ensure retention,firms reward innovators by deferred compensation, so funding demand by firms drops as the...
Persistent link: https://www.econbiz.de/10012269662
The Cultural Revolution deprived Chinese students of the opportunity to receive higher education for 10 years when colleges and universities were closed from 1966-1976. We examine the human capital cost of this loss of education on subsequent innovation by firms, and ask if it impacted firms...
Persistent link: https://www.econbiz.de/10012244972
We investigate the extent to which complementarities between technical and business skills of founders and employees matter for the generation of market novelties by new ventures. Using data about German start-ups, we find that there are no complementarities between technical and business skills...
Persistent link: https://www.econbiz.de/10011558130
We explore how house prices evolve under technological progress, when housing serves for consumption as well as store of value. Technological change leads to human capital substituting physical capital and manual labor. Reduced use of physical capital implies that firms have less tangible...
Persistent link: https://www.econbiz.de/10011295717
The productivity-enhancing effects of digitalisation have generated increased interest in the promotion of digital technologies. This report provides different estimations for euro area countries of the impact of digital uptake on productivity at firm level, showing that the adoption of digital...
Persistent link: https://www.econbiz.de/10014479720
This paper probes the drivers, dimensions, achievements, and outcomes of technological innovations carried out by SMEs in the auto components, electronics, and machine tool sectors of Bangalore in India. Further, it ascertains the growth rates of innovative SMEs vis-à-vis non-innovative SMEs in...
Persistent link: https://www.econbiz.de/10008660889
use a dataset with approximately 700,000 firm-year observations of German small and medium-sized enterprises (SME) to … the German banking market. Market power generally spurs aggregate SME growth. Banks need to realize sufficient margins to … reduces SME growth in industries that depend heavily on external finance. -- growth decomposition ; reallocation ; banking …
Persistent link: https://www.econbiz.de/10009660031
Intangible knowledge capital (IKC) - technology produced by workers but not embodied in them - can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises - more so in domestically owned than in...
Persistent link: https://www.econbiz.de/10010224593
The key message of this book is that heterogeneity should be seen as an intrinsic and indispensable element of knowledge systems. The authors address the concept of heterogeneity in a multi-disciplinary fashion, including perspectives from evolutionary economics and innovation system studies,...
Persistent link: https://www.econbiz.de/10011850721
Persistent link: https://www.econbiz.de/10013551061