Showing 1 - 10 of 9,934
accumulation of human capital. Based on a perpetual inventory estimation procedure we construct an aggregate measure of the stock …
Persistent link: https://www.econbiz.de/10010440426
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...
Persistent link: https://www.econbiz.de/10014436977
analysis to decompose patent data in different digital technologies for various countries into global and country …
Persistent link: https://www.econbiz.de/10014279279
We offer a barrier model of growth with a broader understanding of the sources of productivity growth. Organizational … more on own productivity improvements through organizational change. Trade liberalization in backward economies does not … give the expected boost to productivity growth, because of low capability to take advantage of the frontier technology …
Persistent link: https://www.econbiz.de/10011533799
Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...
Persistent link: https://www.econbiz.de/10011495600
We extend the conventional Solow growth accounting model to allow innovation to affect consumer welfare directly. Our model is based on Lancaster’s New Approach to Consumer Theory, in which there is a separate “consumption technology� that transforms the produced goods,...
Persistent link: https://www.econbiz.de/10012853832
Aum, Lee, and Shin (2018) quantify the impact of production complementarities and differential productivity growth … across occupations and sectors on the slowdown of aggregate productivity growth. This note expands their work to study … occupations and (2) a strong correlation between productivity growth of computers and labor in occupations where these two inputs …
Persistent link: https://www.econbiz.de/10012924701
emphasis, as the use of these technologies has been shown to be closely associated with changes in relative productivity …
Persistent link: https://www.econbiz.de/10013039511
Recent development and growth accounting studies have established that total factor productivity is an important source …, within the Cobb-Douglas framework, it weighs evidence of the two alternative explanations of total factor productivity …
Persistent link: https://www.econbiz.de/10012777854