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towards the global frontier country, perhaps due to learning and knowledge spillovers. More recently, studies within countries … are able to benefit from domestic knowledge. …
Persistent link: https://www.econbiz.de/10005123710
imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long … contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze … welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation …
Persistent link: https://www.econbiz.de/10011171780
We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R&D, or alternatively, by trying to imitate other firms’...
Persistent link: https://www.econbiz.de/10011083921
Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...
Persistent link: https://www.econbiz.de/10011084393
We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by … that export, invest in human capital or R&D, or have prior innovation experience. We also find that SOEs with internal R …
Persistent link: https://www.econbiz.de/10005123532