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I show that in a conventional Ramsey model, between one-fourth and one- half of income differences across countries can be explained by a single factor: The steady-state effect of large, persistent differences in national average IQ on worker productivity. These differences in cognitive...
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contrasts with the standard argument that human capital generates growth in urban areas solely through local knowledge …
Persistent link: https://www.econbiz.de/10005118988
I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of losing their job. Unemployed agents receive job random offers of different quality, which they can accept or reject. Following the loss of a job and during unemployment, an agent’s...
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This paper aims to investigate the effect of knowledge characteristics on the total factor productivity of firms … developing drugs in the pharmaceutical industry. We decompose knowledge into knowledge associated with the technological firm … portfolio and knowledge related to R&D projects, which represent drug development at the clinical testing stage. The latter is …
Persistent link: https://www.econbiz.de/10008511333
effects of cooperative innovation activities and analyzes furthermore how dif- ferent dimensions of regional knowledge affect …The literature on "Innovation Systems" is divided into several directories. Dif- ferences occur through the definition … the regional effects on coopera- tive innovation activities. We find evidence that the related variety of knowl- edge …
Persistent link: https://www.econbiz.de/10004964130
POWERED BY THE DEVELOPMENTS IN NEW TECHNOLOGY APPLICATIONS, THE WORLD IS MOVING RAPIDLY TOWARDS KNOWLEDGE … ELECTRONICALLY AND IN INTERDEPENDENT RELATIONSHIPS. KNOWLEDGE, EDUCATION AND TECHNOLOGICAL INNOVATIONS PRESENT OPPORTUNITIES FOR … IS EMPOWERING IN THE 21ST CENTURY, IT IS THE ACQUISITION OF KNOWLEDGE AND THE CREATION OF TECHNOLOGICAL CAPACITY FOR THE …
Persistent link: https://www.econbiz.de/10005556113
agglomeration economies, a knowledge variable is assumed. Returning to a two location economy one is able to assess in graphical … terms the relation between distribution of knowledge and location of economic activities. …
Persistent link: https://www.econbiz.de/10005556197