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We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
Persistent link: https://www.econbiz.de/10009236276
. Under the efficiency unit approach, we precisely reduce innovation regarding qualitative and quantitative improvements of … technological structural propagation. In this way, we can evaluate any given innovation with respect to its social welfare gain. We …
Persistent link: https://www.econbiz.de/10011386875
This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …
Persistent link: https://www.econbiz.de/10009535543
We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
Persistent link: https://www.econbiz.de/10013122153
This paper investigates the effect of human capital accumulation on the direction of technical Change in a framework with natural resources and environmental externalities. The model simulates that an increasing knowledge stock of worker tends to direct technical change in favour of intangible...
Persistent link: https://www.econbiz.de/10012963007
effect that domestic innovation and technology diffusion have in explaining differences in productivity across countries and … domestic innovation than lower-income countries, whereas lower-income countries benefit more from technology diffusion; and (ii … innovation and technology diffusion are endogenous sources of comparative advantage …
Persistent link: https://www.econbiz.de/10012894900
Based on a general growth model, this paper finds that the steady-state direction of technological progress is determined by the scale return of the production function and the relative factor supply elasticities. A specific version of that model extends Acemoglu (2002) to provide the underlying...
Persistent link: https://www.econbiz.de/10012860272
We provide a unified framework for quantifying the cross-country and cross-sector interactions among trade, innovation … advantage and the stock of knowledge are determined by innovation and diffusion. We calibrate the model to match observed cross …-country and cross-sector heterogeneity in production, innovation efficiency and knowledge spillovers. Our counterfactual analysis …
Persistent link: https://www.econbiz.de/10013238428
This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …
Persistent link: https://www.econbiz.de/10013036985
We provide a unified framework for quantifying the cross country and cross-sector interactions among trade, innovation … model in which comparative advantage and the stock of knowledge are determined by innovation and diffusion. A reduction in … trade costs induces a re-allocation of comparative advantage in production and innovation across sectors, which translates …
Persistent link: https://www.econbiz.de/10013210487