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long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated … inside firms, which lowers the opportunity cost of innovation, generating an additional “trapped factor” effect. Starting …
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effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10013038317
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effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10012461940
-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …
Persistent link: https://www.econbiz.de/10012458713
Persistent link: https://www.econbiz.de/10011595592
-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …
Persistent link: https://www.econbiz.de/10013057413
We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First,...
Persistent link: https://www.econbiz.de/10011864551