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model incorporates productivity dynamics (learning and depreciation) and is extended with time-saving process innovations … giving birth to idleness-driven innovations. In doing so, it allows us to question the status of labour as an adjustment …
Persistent link: https://www.econbiz.de/10015076051
Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth …. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however … is concerned with the design of innovative products. The question on how innovations are established and pushed through …
Persistent link: https://www.econbiz.de/10003763760
Persistent link: https://www.econbiz.de/10003494546
Analyzing millions of patents granted by the USPTO between 1976 and 2020, we find a pattern where specific patents only rise to prominence after considerable time has passed. Amongst these late-blooming influential patents, we show that there are key players (patent hunters) who consistently...
Persistent link: https://www.econbiz.de/10015072906
This paper develops a two-industry model of R&D. A monopolist supplier sells an intermediate good to an oligopolistic buyer industry where firms compete in quantity and quality-enhancing R&D. The supplier can contribute to downstream product improvements by creating spillover knowledge which...
Persistent link: https://www.econbiz.de/10011619933
Im Beitrag werden, basierend auf den Daten des Mannheimer Innovationspanels 1993, die Einflußfaktoren umweltorientierter Innovationen in Deutschland in einem multivariaten Kontext ökonometrisch untersucht. Ziel ist es, sowohl allgemeine Strukturen der Einflußfaktoren von Umweltinnovationen zu...
Persistent link: https://www.econbiz.de/10011621352
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...
Persistent link: https://www.econbiz.de/10011621855
The research reported in this paper seeks to determine how skewed the distribution of profits from technological innovation is - i.e., whether it conforms most closely to the Paretian, log normal, or some other distribution. The question is important, because high skewness makes it difficult to...
Persistent link: https://www.econbiz.de/10011621949
This paper aims at assessing the relationship between the possible existence of financial constraints and the decisions of Belgian private firms as regards their investments in both capital and R&D investments over the last decade. The main system GMM estimates from the error-correction...
Persistent link: https://www.econbiz.de/10011623292
Purpose of this article is to introduce the concept of a new cultural institution, "medialab". Media laboratory is an interdisciplinary institution that combines the tasks of scientific, educational, cultural and artistic institutions. They are spaces in which technology and digital media are...
Persistent link: https://www.econbiz.de/10010201622