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Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...
Persistent link: https://www.econbiz.de/10010294690
The macroeconomic experience of the last decade stressed the importance of jointly studying the growth and business cycle fluctuations behavior of the economy. To analyze this issue, we embed a model of Schumpeterian growth into an estimated medium-scale DSGE model. Results from a Bayesian...
Persistent link: https://www.econbiz.de/10012055402
). Increasing licensing revenues and several disputes between owners and users of SEPs raise the question about the patenting … behavior of firms developing standardized technologies. A better understanding of this patenting behavior can help to improve … assessment criterion and an indicator of patenting behavior for technology standards. Using this criterion, we examine how …
Persistent link: https://www.econbiz.de/10013420981
patenting. Using a rich database for Norwegian firms, we find that projects receiving tax credits result in the development of … contribute to innovations in the form of new products for the market or patenting. …
Persistent link: https://www.econbiz.de/10011968335
In this paper we use data from more than 2,500 industry-years, reported by the Ohio Division of Labor Statistics, to track changes in employment and weekly wages among male and female production workers and clerical workers between 1914-1937. We find that among Ohio's manufacturing...
Persistent link: https://www.econbiz.de/10011940717
O'donoghue and Zweimüller (2004, J. of Econ. Growth), a seminal work, showed that broadening leading breadth in patent protection can stimulate innovation. However, the empirical literature has consistently found skeptical results on the positive effect. To fill the gap, we build another...
Persistent link: https://www.econbiz.de/10014540400
Collective dismissal costs are an important part of employment protection legislation (EPL) and make firms' exit more costly. We show in a model with step-by-step innovations that dismissal costs spur innovation if product markets are not too competitive: technologically more advanced firms...
Persistent link: https://www.econbiz.de/10010261602
It is commonly argued that labor market institutions such as employment protection worsen an economy?s performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection...
Persistent link: https://www.econbiz.de/10010262692
This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy's rate of technological change. We incorporate results of...
Persistent link: https://www.econbiz.de/10010267225
Recent empirical studies find vast industry differences in how patent protection influences innovation and growth. An optimization of aggregate growth, therefore, implies the need for a flexible patent regime responding to each industry's characteristics. In practice, sector-specific...
Persistent link: https://www.econbiz.de/10010270109