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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
This paper extends the learning-by-doing model of Alwyn Young (1991), which assumes bounded learning-by-doing in each industry and knowledge spillovers, from two perspectives. First, it introduces physical capital as another factor of production in addition to labor. Second, it takes into...
Persistent link: https://www.econbiz.de/10011113394
Persistent link: https://www.econbiz.de/10011341822
' ideas determine their productivity and stochasti- cally evolve over time. Firms innovate to improve their ideas and … adopted, they selectively replace worse ideas. Innovation externalities vary based on firm productivity: ideas generated by … policy should depend on firm productivity. A calibration of the model to firm-level data from US manufacturing and retail …
Persistent link: https://www.econbiz.de/10012927448
study an attempt is made to examine the relationship between economic growth measured through total factor productivity and …, human capital and FDI have shown positive impact on total factor productivity of selected 19 developing economies. Further … productivity growth via knowledge spillovers …
Persistent link: https://www.econbiz.de/10012948766
How does inventors' migration affect international talent allocation, knowledge diffusion, and productivity growth? To … construct a micro-level dataset of migrant inventors on the US-EU corridor from patent data and document that (i) gross …; (iv) migrants' productivity gains spill over to their collaborators at origin, who increase patenting by 18% per year when …
Persistent link: https://www.econbiz.de/10014237763
The accumulation of knowledge and its application to a variety of human needs is a discontinuous process that involves innovation and change. While much has been written on major discontinuities associated, for instance, with the rise of new technologies during industrial revolutions, other...
Persistent link: https://www.econbiz.de/10013277440
hand, FDI knowledge spillovers decrease service productivity within regions, because of market-stealing effects operating …
Persistent link: https://www.econbiz.de/10014227905
value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the … transaction at production cost. When we incorporate this implicit transaction into U.S. gross domestic product (GDP), productivity …
Persistent link: https://www.econbiz.de/10011891856
linkage between channels of international knowledge spillovers and total factor productivity. We distinguish between domestic … and international intra- and inter-sectoral spillover sources. Patent applications are exploited to estimate the … contribution of technology transfer to industrial productivity. To account for technological distance, we weight foreign knowledge …
Persistent link: https://www.econbiz.de/10009515007