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Heart of Darkness: Modeling Public-Private Funding Interactions Inside the R&D Black Box

David, Paul A.; Hall, Bronwyn H. - EconWPA - 2001

This paper is a first step toward closing the analytical gap in the extensive literature on the results of interactions between public and private R&D expenditures, and their joint effects on the economy. Earlier studies frequently report contradictory estimates of the response of company...

Persistent link: https://www.econbiz.de/10005126006

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - C.E.P.R. Discussion Papers - 2006

This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...

Persistent link: https://www.econbiz.de/10005136707

Innovation and Institutional Ownership

van Reenen, John; Aghion, Philippe; Zingales, Luigi - National Bureau of Economic Research (NBER) - 2009

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite … career-concern model allows for complementarity. Empirically, we reject substitution effects. Second, CEOs are less likely to …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

Persistent link: https://www.econbiz.de/10005575494

Inequality and economic growth: the perspective of the new growth theories

Aghion, Philippe; Caroli, Eve; Garcia-Penalosa, Cecilia - Centre pour la Recherche Économique et ses … - 1999

In this article, we review the literature focusing on the relationships between inequality and economic growth. We show that wealth inequality may be bad for growth, in particular when capital markets are imperfect and agents are heterogenous, or when some agents suffer from institutional...

Persistent link: https://www.econbiz.de/10005176525

Identifying Age, Cohort and Period Effects in Scientific Research Productivity - Discussion and Illustration Using Simulated and Actual Data on French Physicists

Hall, Bronwyn H.; Mairesse, Jacques; Turner, Laure - United Nations University, Maastricht Economic and … - 2006

The identification of age, cohort (vintage), and period (year) effects in a panel of individuals or other units is an old problem in the social sciences, but one that has not been much studied in the context of measuring researcher productivity. In the context of a semi-parametric model of...

Persistent link: https://www.econbiz.de/10005150771

Technology, Information and the Decentralization of the Firm

Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; … - Centre for Economic Performance, LSE - 2006

Persistent link: https://www.econbiz.de/10005151064

Patents as quality signals? The implications for financing constraints on R&D

Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - 2014

Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...

Persistent link: https://www.econbiz.de/10010336116

Academic Freedom, Private-Sector Focus, and the Process of Innovation

Stein, Jeremy; Aghion, Philippe; Dewatripont, Mathias - National Bureau of Economic Research (NBER) - 2005

We develop a model that clarifies the respective advantages and disadvantages of academic and private-sector research. Our model assumes full protection of intellectual property rights at all stages of the development process, and hence does not rely on lack of appropriability or spillovers to...

Persistent link: https://www.econbiz.de/10005084832

The market value of patents and R&D: Evidence from European firms

Hall, Bronwyn H.; Thoma, Grid; Torrisi, Salvatore - KITeS, Centre for Knowledge, Internationalization and … - 2006

rising share of total patents in the EPO. Moreover, some scholars of innovation and intellectual property rights argue that …

Persistent link: https://www.econbiz.de/10005087148

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Zilibotti, Fabrizio; Aghion, Philippe - National Bureau of Economic Research (NBER) - 2002

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to innovation-based strategy with …

Persistent link: https://www.econbiz.de/10005088829