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Patenting in software, cloud computing, and artificial intelligence has grown rapidly in recent years. Such patents are acquired primarily by large US technology firms such as IBM, Microsoft, Google, and HP, as well as by Japanese multinationals such as Sony, Canon, and Fujitsu. Chinese...
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and functional estimators of the regression parameters in a measurement error model. While structural methods, in … general. But by modifying the QS method, the adverse effect of the nuisance parameters can be overcome. For small measurement …
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The estimation of racial disparities in various fields is often hampered by the lack of individual-level racial information. In many cases, the law prohibits the collection of such information to prevent direct racial discrimination. As a result, analysts have frequently adopted Bayesian...
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We compute new estimates for Total Factor Productivity (TFP) growth in five European countries and in the United States. Departing from standard methods, we account for positive profits and use firm surveys to proxy for unobserved changes in factor utilization. These novelties have a major...
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. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper … incorporates these two factors in the technological-progress measurement and investigates the biases caused by their omission. We … measurement underestimates the true technological progress. We apply this methodology to Japanese and US industries, and find that …
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