Showing 1 - 10 of 156
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor … productivity transmitted through input-output relations in a sample of 13 OECD countries and 15 manufacturing industries. Both R …
Persistent link: https://www.econbiz.de/10005406424
research productivity follows distinct life cycles. Using an encompassing data set portraying the research behavior of German … academic economists, we first show that research productivity crucially depends on career age and vintage. Based on the … research grants. We then go on to investigate the persistence of individual productivity. The Persistence issue is of special …
Persistent link: https://www.econbiz.de/10012780463
knowledge sector is bounded, as productivity increases, the economy moves from a “Solovian zone“ where wages increase with … productivity, to a “Marxian“ zone where they paradoxically decline with productivity. This is because as consumption of a given … creativity is more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from …
Persistent link: https://www.econbiz.de/10005181434
This paper examines the impact of tax incentives on corporate research and development (R&D) activity. Traditionally, R&D tax incentives have been provided in the form of special tax allowances and tax credits. In recent years, several countries moreover reduced their income tax rates on R&D...
Persistent link: https://www.econbiz.de/10010627560
This paper analyzes the output, abatement, and investment decisions made by a monopolistic polluter under environmental liability law. The model applied considers both integrated and end-of-pipe abatement technologies. We find that in the case of fixed technology, in many instances negligence...
Persistent link: https://www.econbiz.de/10013092076
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
Persistent link: https://www.econbiz.de/10013067864
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...
Persistent link: https://www.econbiz.de/10013157504
each sector's R&D activity are, the higher the marginal productivity of labor in R&D is, and eventually the higher the …
Persistent link: https://www.econbiz.de/10012984503
It is widely recognized that technological change has the potential to reduce GHG emissions without compromising economic growth; hence, any better understanding of the process of technological innovation is likely to increase our knowledge of mitigation possibilities and costs. This paper...
Persistent link: https://www.econbiz.de/10012751854
We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research tournament or a procurement contest for being awarded some production contract. We find that the possibility of outsourcing increases competition between the contestants, leading...
Persistent link: https://www.econbiz.de/10012780560