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Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to...
Persistent link: https://www.econbiz.de/10012843436
The paper examines episodes of current account adjustment in individual economies. A central finding is that these episodes are very divergent and can be usefully classified, on the basis of cluster analysis, in three groups. A majority of cases is characterised by internal adjustment,...
Persistent link: https://www.econbiz.de/10013317000
Government investment in university research results in greater output and impact. To better capture economic benefits … stemming from university research, governments have developed funding programs specifically targeting university … evaluate the effect of one such scheme, the Australian Research Council (ARC) Linkage Project scheme, by comparing it to its …
Persistent link: https://www.econbiz.de/10012843429
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research …
Persistent link: https://www.econbiz.de/10012824822
We examine friendships and study partnerships among university students over several years. At the aggregate level, connections increase over time, but homophily on gender and ethnicity is relatively constant across time, university residences, and different network layers. At the individual...
Persistent link: https://www.econbiz.de/10014262402
Does access to information and communication technologies (ICT) increase innovation? We examine this question by exploiting the staggered adoption of BITNET across U.S. universities in the 1980s. BITNET, an early version of the Internet, enabled e-mail-based knowledge exchange and collaboration...
Persistent link: https://www.econbiz.de/10013315141
A firm actively manages its rival's beliefs by disclosing and concealing information on the size of its process innovation. The firm's disclosure strategy results from the trade-off between two effects on product market incentives. First, the firm's competitor learns that the firm is efficient,...
Persistent link: https://www.econbiz.de/10010261185
We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research …
Persistent link: https://www.econbiz.de/10010261411
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV …
Persistent link: https://www.econbiz.de/10010266007
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...
Persistent link: https://www.econbiz.de/10010281036