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Fazekas, Károly - 2023

This paper provides a summary of the latest advancements in generative artificial intelligence using large language models over the past six months. The impact of this breakthrough remains uncertain, but it is evident that GPT is a General-Purpose Technology (GPT) that will significantly alter...

Persistent link: https://www.econbiz.de/10014454714

Difusing new technology without dissipating rents : some historical case studies of knowledge sharing

Bessen, James; Nuvolari, Alessandro - 2017 - This version: November, 2017

The diffusion of innovations is supposed to dissipate inventors' rents. Yet in many documented cases, inventors freely shared knowledge with their competitors. Using a model and case studies, this paper explores why sharing did not eliminate inventors' incentives. Each new technology coexisted...

Persistent link: https://www.econbiz.de/10011752432

The transmission of sectoral shocks across the innovation network

Fons-Rosen, Christian; Pu, Zhaoxin - 2020

Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries …

Persistent link: https://www.econbiz.de/10012150167

An Alternative Explanation of Differences in Relative Wages Among Developed Economies by Endogenizing Invention, Innovation and Diffusion

Bowman, Kevin James - 2012

closed economy from an endogenous growth model that endogenizes invention, innovation and diffusion of knowledge that is … various growth experiences of the U.S. over the last 40 years. Innovation is modeled as diffusing skill-biased knowledge … percentage of high-skilled workers in the innovative sector resulting in what I call the specialization in innovation effect …

Persistent link: https://www.econbiz.de/10014068586

Endogenous Skill-Biased Invention and its Diffusion to Adoptive Knowledge Through Innovation

Bowman, Kevin James - 2012

applications of knowledge to low cost production methods). The model incorporates my theory that invention, innovation, and …A growth model is presented that examines i) the creation of skill-biased knowledge through invention (defined here as … additions to leading-edge knowledge) and ii) its diffusion to adoptive knowledge through innovation (defined here as later …

Persistent link: https://www.econbiz.de/10014068589

Learning from the Joneses : Technology Spillover, Innovation Externality, and Stock Returns

Tseng, Kevin - 2020

This paper studies the asset pricing implications of technology spillover, an important externality in innovation … variety, such benefits are procyclical, and investors therefore demand higher returns for holding these stocks. Using patent … firms. These findings highlight the importance of innovation externality on stock returns …

Persistent link: https://www.econbiz.de/10012854307

Generalists, Specialists, and the Direction of Inventive Activity

Teodoridis, Florenta - 2017

Due to the cumulative nature of innovation, access to knowledge is important. Although evidence exists concerning the …

Persistent link: https://www.econbiz.de/10014139546

Measuring Patent's Influence on Technological Evolution : A Study of Knowledge Spanning as Driver of Inventive Activity

Corredoira, Rafael A.; Banerjee, Preeta - 2014

We introduce technological influence as a variable to measure an invention’s direct and indirect impact on the … evolution of technology. This provides a novel means to study the short and long run effect of invention antecedents on … technological evolution, invention activity, and economic growth. A comparison between models of technological influence and direct …

Persistent link: https://www.econbiz.de/10014037323

The Supply Side of Innovation : H-1B Visa Reforms & US Ethnic Invention

Kerr, William R.; Lincoln, William Fabius - 2013

out displacement effects, and small crowding-in effects may exist. Total SE employment and invention increases with higher …

Persistent link: https://www.econbiz.de/10014197141

Do Important Inventions Benefit from Knowledge Originating in Other Technological Domains?

Nemet, Gregory F.; Johnson, Evan - 2013

A frequently made claim in the innovation literature is that important inventions involve the transfer of new knowledge … knowledge acquired from outside each patent’s technological domain. Our results do not seem to support the claim above …

Persistent link: https://www.econbiz.de/10014178223