Showing 41 - 50 of 6,760
) from upper-tail knowledge. As a proxy for the historical presence of knowledge elites, we use city-level subscriptions to … firm survey from the 1840s, we shed light on the mechanism: upper-tail knowledge raised productivity in innovative …
Persistent link: https://www.econbiz.de/10013052500
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the …
Persistent link: https://www.econbiz.de/10013056191
In the standard model of human capital with perfect labor markets general training. When labor market frictions compress the structure of wages in the general skills of their employees. The reason is that the distortion in the wage structure" turn technologically' general skills into specific'...
Persistent link: https://www.econbiz.de/10013321573
In this paper we study how aggregate output responds to the arrival of a new General Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor markets. We show that under a wide set of circumstances the arrival of a new GPT that raises long-run output can trigger a...
Persistent link: https://www.econbiz.de/10013226171
Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the scale of the economy to grow over time. Increasing...
Persistent link: https://www.econbiz.de/10013243627
informational role of cities is a primary reason for" their continued existence. This paper formalizes Marshall's theory in a model … of other implications of the theory are corroborated" empirically …
Persistent link: https://www.econbiz.de/10013246374
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … inventors using inventor knowledge. The evolution of an inventor's knowledge is explained through the lens of a diffusion model …, age-dependent source that captures alternative learning channels, such as learning-by-doing. Thus, our knowledge diffusion …
Persistent link: https://www.econbiz.de/10012922975
We provide theoretical and empirical evidence on the factors that influence the willingness of academic scientists to share research results. We distinguish between two types of sharing, specific sharing in which a researcher shares her data or materials with another and general sharing in which...
Persistent link: https://www.econbiz.de/10013039342
the creation and dissemination of productive knowledge help explain the European advantage. We build a model of … technological progress in a pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge. The young … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …
Persistent link: https://www.econbiz.de/10012995522
The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in … a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … characterize optimal policies to subsidize research and trade in ideas, given both knowledge and search externalities. We discuss …
Persistent link: https://www.econbiz.de/10012940374