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. Furthermore, rises in the cost of capital for innovation-intensive firms predict declines in subsequent productivity and economic … growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can …
Persistent link: https://www.econbiz.de/10011962223
level). We then empirically test for the market size effect of induced innovation. Our findings suggest that a 1 percent …
Persistent link: https://www.econbiz.de/10009761752
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10011557905
reforms that would likely increase the rate of innovation and the number of startups due to immigrants in the country. Key …
Persistent link: https://www.econbiz.de/10012241073
This paper addresses, both theoretically and empirically, the sectoral patterns of job creation and job destruction in order to distinguish the alternative effects of embodied vs disembodied technological change operating into a vertically connected economy. Disembodied technological change...
Persistent link: https://www.econbiz.de/10012022748
explaining the why of a certain innovation instead of another. We empirically test this theory in the telecommunication switches … industry. We consider innovation as a new alignment of needs and opportunities, where markets and technology are not the …
Persistent link: https://www.econbiz.de/10009550527
We study the prevalence and traits of global collaborative patents for U.S. public companies, where the inventor team is located both within and outside of the United States. Collaborative patents are frequently observed when a corporation is entering into a new foreign region for innovative...
Persistent link: https://www.econbiz.de/10011561206
indicate that increases in the share of a firm's innovation performed by inventors of a particular ethnicity are associated …
Persistent link: https://www.econbiz.de/10013092554
potential for financial venture capital or public policy to meaningfully reintroduce vigor in CET innovation have been … venture capital in funding innovation in clean energy, especially in light of the lessons learned over the past decade in the … innovation …
Persistent link: https://www.econbiz.de/10013013465
Using firm level information on the world leading R&D investors and employing a system GMM estimation, this paper investigates how sensitive R&D investments are to cash flow movements, which would be suggestive of financial constraints. The analysis confirms that over the last decade the R&D...
Persistent link: https://www.econbiz.de/10013021349