Showing 1 - 10 of 88
Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …
Persistent link: https://www.econbiz.de/10012920884
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …
Persistent link: https://www.econbiz.de/10013056191
information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … detailed measures of knowledge outputs, knowledge investments, and sources of existing knowledge. We find that globally engaged …
Persistent link: https://www.econbiz.de/10013228042
knowledge accumulates as technology progresses, then successive generations of innovators may face an increasing educational … negative implications for growth. I develop a formal model of this "knowledge burden mechanism" and derive six testable … sufficiently rapid increase in the burden of knowledge. In cross-section, the model predicts that specialization and teamwork will …
Persistent link: https://www.econbiz.de/10013219224
We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...
Persistent link: https://www.econbiz.de/10012758108
exchanging ideas, solving work-related problems, generating new knowledge …
Persistent link: https://www.econbiz.de/10012759108
Managerial know-how shapes the productivity of firms by defining the set of available technologies, production choices, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of production abroad. In this paper, we construct a...
Persistent link: https://www.econbiz.de/10012760102
Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity … and organization of U.S. lawyers and use the equilibrium model of knowledge hierarchies in Garicano and Rossi …
Persistent link: https://www.econbiz.de/10012760468
Do differences in health literacy contribute to the widely documented health-income gradient? In the context of Sweden, we document a strong relationship between exposure to health-related expertise – captured by the presence of a health professional in the family – and health. Exposure to...
Persistent link: https://www.econbiz.de/10012891319
We study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy … effects vary by prior knowledge in a manner consistent with information effects rather than priming. Support for salary …
Persistent link: https://www.econbiz.de/10012979764