Similar Search Results

Young, Restless and Creative : Openness to Disruption and Creative Innovations

Acemoglu, Daron - 2015

choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …

Persistent link: https://www.econbiz.de/10013034169

Dynamic Models of R&D, Innovation and Productivity : Panel Data Evidence for Dutch and French Manufacturing

Raymond, Wladimir - 2014

This paper introduces dynamics in the R&D-to-innovation and innovation-to-productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

Persistent link: https://www.econbiz.de/10013063857

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

Innovation and Production in the Global Economy

Arkolakis, Costas - 2015

The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others … advantage and home market effects (HME) that arise from the interaction between increasing returns to innovation and … further specialize in innovation …

Persistent link: https://www.econbiz.de/10013035693

Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences

Aizenman, Joshua - 2007

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...

Persistent link: https://www.econbiz.de/10012777949

Digital Rights Management and the Pricing of Digital Products

Park, Yooki - 2008

As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...

Persistent link: https://www.econbiz.de/10012727035

Performance Pay and Productivity

Lazear, Edward P. - 2022

What happens when a firm switches from paying hourly wages to paying piece rates? The theory developed below predicts that average productivity rises, that the firm will attract a more able work force and that the variance in output across individuals at the firm will rise as well. The theory is...

Persistent link: https://www.econbiz.de/10014158607

Capital Utilization and Returns to Scale

Burnside, Craig; Eichenbaum, Martin S.; Rebelo, Sérgio - 2022

This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five questions that we study using a measure of capital services based on...

Persistent link: https://www.econbiz.de/10014158807

Employment, Unemployment, and Problem Drinking

Mullahy, John; Sindelar, Jody Louise - 2022

The misuse of alcoholic beverages ('problem drinking') has been demonstrated to result in enormous economic costs; most of these costs have been shown to be reduced productivity in the labor market. The purpose of this paper is to present sound structural estimates of the relationship between...

Persistent link: https://www.econbiz.de/10014158808

A New Interpretation of Productivity Growth Dynamics in the Pre-Pandemic and Pandemic Era U.S. Economy, 1950-2022

Gordon, Robert J.; Sayed, Hassan - 2022

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4.1 percent rate achieved in the four quarters of 2020. This...

Persistent link: https://www.econbiz.de/10014080444