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Hi-Tech Innovation and Productivity Growth : Does Supply Create its Own Demand?

Gordon, Robert J. - 2021

This paper argues that the late 1990s boom in ICT investment was unsustainable for both macro and micro reasons; we are unlikely again to witness an interval in which computer hardware investment grows at an annual rate greater than 30 percent for five straight years. Analysts who base their...

Persistent link: https://www.econbiz.de/10013233214

Managed Care and the Growth of Medical Expenditures

Cutler, David M.; Sheiner, Louise - 2021

We use data across states to examine the relation between HMO enrollment and medical spending. We find that increased managed care enrollment significantly reduces hospital cost growth. While some of this effect is offset by increased spending on physicians, we generally find a significant...

Persistent link: https://www.econbiz.de/10013233736

Innovation and Foreign Investment Behavior of the U.S. Pharmaceutical Industry

Cohen, Benjamin H.; Katz, Jorge; Beck, William T. - 2021

and consequences of innovation, we have concentrated on the products we have rated as innovative. Section I explains our … sample. In Section II we discuss trends in the rate of drug innovation and the factors influencing those trends. Section III …

Persistent link: https://www.econbiz.de/10013233768

The Influence of University Research on Industrial Innovation

Kim, Jinyoung; Marschke, Gerald - 2021

research on industrial innovation. Moreover, during this period we find that firms with large research operations in both …

Persistent link: https://www.econbiz.de/10013233784

Technological Innovations and Endogenous Changes in U.S. Legal Institutions, 1790-1920

Khan, B. Zorina - 2021

Recent scholarship highlights the importance of institutions to the processes of economic growth, but the precise nature of their relationship bears further examination. This paper considers how the evolution of legal institutions has contributed to, and in turn been affected by, major...

Persistent link: https://www.econbiz.de/10013234071

Patents, Citations and Innovations : Tracing the Links

Trajtenberg, Manuel - 2021

solutions are applied to the case of Computed Tomography (CT) Scanners, a pathbreaking innovation in medical technology. The …

Persistent link: https://www.econbiz.de/10013238955

State Versus Private Ownership

Shleifer, Andrei - 2021

Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...

Persistent link: https://www.econbiz.de/10013239155

The Welfare Analysis of Product Innovations with an Application to Ct Scanners

Trajtenberg, Manuel - 2021

applied to the case of Computed Tomography (CT) Scanners, a revolutionary innovation in medical technology. The econometric … from innovation is used primarily to compute a social rate of return to R&D, to explore the interrelation between … innovation and diffusion, and to trace the time profile of benefits and costs, the latter suggesting the possible occurance of …

Persistent link: https://www.econbiz.de/10013239174

The Value of Patents as Indicators of Inventive Activity

Pakes, Ariel; Hall, Bronwyn H.; Griliches, Zvi - 2021

This paper summarizes a number of studies which use patent data to examine different aspects of technological change. It describes our firm level data set construction effort; reports on the relationship between RLD expenditures and the level of patenting; analyzes the relationship between...

Persistent link: https://www.econbiz.de/10013240643

Diffusion Lags and Aggregate Fluctuations. New Name : Product Innovation and the Business Cycle

Jovanovic, Boyan; Lach, Saul - 2021

examines how fluctuations in per capita GNP are affected by these features of the innovation process. Micro data from the U …

Persistent link: https://www.econbiz.de/10013243635