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We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...
Persistent link: https://www.econbiz.de/10012469896
. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …
Persistent link: https://www.econbiz.de/10012458604
An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...
Persistent link: https://www.econbiz.de/10012458900
-adjusted educational attainment among the working age population based on their health status during the time they did their education …
Persistent link: https://www.econbiz.de/10012460199
"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012460215
We characterize the contribution of immigrants to US innovation, both through their direct productivity as well as … Number is assigned. We find immigrants represent 16 percent of all US inventors, but produced 23 percent of total innovation … premature inventor deaths, we find that immigrant inventors create especially strong positive externalities on the innovation …
Persistent link: https://www.econbiz.de/10013477290
disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …
Persistent link: https://www.econbiz.de/10014337755
We model a key step in the innovation process, hypothesis generation, as the making of predictions over a vast …, they use artificial intelligence (AI) instead. We model innovation as resulting from sequential search over a combinatorial … innovation outcomes of interest - the probability of innovation, expected search duration, and expected profit. We describe …
Persistent link: https://www.econbiz.de/10014337792
We study the relationship between firm centralization and organizational reproduction in satellite locations. For decentralized firms, the ethnic compositions of inventors in satellite locations mostly resemble their host cities, with little link to the inventor composition of their parent...
Persistent link: https://www.econbiz.de/10014372481
increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …
Persistent link: https://www.econbiz.de/10014421213