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Registros recuperados: 59
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Policy-Induced Technology Adoption: Evidence from the U.S. Lead Phasedown AgEcon
Kerr, Suzi; Newell, Richard G..
The theory of environmental regulation suggests that economic instruments, such as taxes and tradable permits, create more effective technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing technological responses to a dramatic decrease in allowed pollution levels - the petroleum industry's phasedown of lead in gasoline. Using a panel of refineries from 1971 to 1995, we provide some of the first direct evidence that alternative policies affect the pattern of adoption in expected ways. Importantly, we find that the tradable permit system used during the lead phasedown provided incentives for more efficient technology adoption decisions. Where environmentally appropriate, this suggests...
Tipo: Working or Discussion Paper Palavras-chave: Technology; Adoption; Diffusion; Environment; Regulation; Lead; Gasoline; Tradable permit; Incentive-based policy; Research and Development/Tech Change/Emerging Technologies; C41; L71; O31; O33; Q28; Q48.
Ano: 2001 URL: http://purl.umn.edu/10834
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The Optimal Climate Policy Portfolio when Knowledge Spills Across Sectors AgEcon
Massetti, Emanuele; Nicita, Lea.
This paper studies the implications for climate policy of the interactions between environmental and knowledge externalities. Using a numerical analysis performed with the hybrid integrated assessment model WITCH, extended to include mutual spillovers between the energy and the non-energy sector, we show that the combination between environmental and knowledge externalities provides a strong rationale for implementing a portfolio of policies for both emissions reduction and the internalisation of knowledge externalities. Moreover, we show that implementing technology policy as a substitute for stabilisation policy is likely to increase global emissions.
Tipo: Working or Discussion Paper Palavras-chave: Technical Change; Climate Change; Development; Innovation; Spillovers; Environmental Economics and Policy; C72; H23; Q25; Q28; O31; O41; Q54.
Ano: 2010 URL: http://purl.umn.edu/92912
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ENDOGENOUS RECOMBINANT GROWTH AgEcon
Tsur, Yacov; Zemel, Amos.
We extend Weitzman's (1998) recombinant growth framework to include endogenous R&D decisions. The analysis is carried out in the (knowledge-capital) state space by means of two characteristic curves: one is identified as a turnpike along which growing economies evolve; the other attracts stagnating economies. Sustained growth depends on a condition relating the slopes of the characteristic curves as well as on a minimal endowment requirement. A growing economy reaches the turnpike at a most rapid R&D rate and evolves along it thereafter. In the long run, the rate of growth and the income shares devoted to R&D, saving and consumption approach constant values that depend on the asymptotic characteristic slopes.
Tipo: Working or Discussion Paper Palavras-chave: Knowledge generation; Combined ideas; Endogenous R&D; Balanced growth; Research Methods/ Statistical Methods; C61; O31; O41.
Ano: 2006 URL: http://purl.umn.edu/7135
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Patents, Spillovers, and Competition in Biotechnology AgEcon
Austin, David H..
I perform an event study on 600+ patents awarded primarily to 20 leading biotechnology firms and find significant changes in market values at the time of the awards. Adjusting for partial anticipation of events, I estimate that core technology patents in highly contested research areas are expected to generate between $13 and $21 million of economic value. They also generate spillover benefits for the patentee's rivals-presumably including knowledge transfers-valued at $3 to $6 million per firm. Awardees may appropriate only half of private benefits, although I observe negative spillovers for some high-profile awards. Most patents have no significant market impact.
Tipo: Working or Discussion Paper Palavras-chave: Innovation; Patent value; Spillover; Competition; Event study; Research and Development/Tech Change/Emerging Technologies; G14; O31; O34; L65.
Ano: 2000 URL: http://purl.umn.edu/10808
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UNIVERSITY-INDUSTRY RELATIONSHIPS AND THE DESIGN OF BIOTECHNOLOGY RESEARCH AgEcon
Yang, Hui; Buccola, Steven T..
The central objective of the present paper is to examine how university bioscientists select their research agendas, with special attention to biotechnology firms' influence on those agendas. Among other issues, we will assess UIRs' potential effects on the private appropriability of the characteristics of bioengineered crop and animal varieties, and on the basicness and breadth of a scientist's research. Factors that potentially would affect scientists' research agenda include the university's size, reputation, resources, culture, and total government funding; the scientist's academic position and communication network; and the market power, cultures, and specialties of the biotech firms with which the university has research relationships. An...
Tipo: Conference Paper or Presentation Palavras-chave: Research and Development/Tech Change/Emerging Technologies; O31; O32; O33.
Ano: 2003 URL: http://purl.umn.edu/21985
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A Politico-Economic Model of Aging, Technology Adoption and Growth AgEcon
Lancia, Francesco; Prarolo, Giovanni.
Over the past century, all OECD countries have been characterized by a dramatic increase in economic conditions, life expectancy and educational attainment. This paper provides a positive theory that explains how an economy might evolve when the longevity of its citizens both influences and is influenced by the process of economic development. We propose a three periods OLG model where agents, during their lifetime, cover different economic roles characterized by different incentive schemes and time horizon. Agents’ decisions embrace two dimensions: the private choice about education and the public one upon innovation policy. The theory focuses on the crucial role played by heterogeneous interests in determining innovation policies, which are one of the...
Tipo: Working or Discussion Paper Palavras-chave: Growth; Life Expectancy; Human Capital; Systemic Innovation; Majority Voting; International Development; Research and Development/Tech Change/Emerging Technologies; D70; J10; O14; O31; O43.
Ano: 2007 URL: http://purl.umn.edu/9552
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Capital and financing innovation processes in enterprises in Poland: selected aspects AgEcon
Janasz, Krzysztof.
Every economic entity undertakes various complex activities that aim at achieving strategic goals. This complex plane of strategic activities certainly includes pro-innovative activity consisting in creating and implementing innovations that help to gain competitive advantage. Undoubtedly, enterprises need capital. Without capital they are not able to positively influence the economic growth of any country. The aim of this article is to present the relationship between capital and financing innovation projects in Poland.
Tipo: Journal Article Palavras-chave: Capital; Innovation; Capital gap; Financial engineering.; Financial Economics; Research and Development/Tech Change/Emerging Technologies; O31.
Ano: 2010 URL: http://purl.umn.edu/94632
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The minimis aid, a possible alternative for supplementing the budgets of SMEes for enhancing competitiveness through the capacity of innovation - the Romanian case AgEcon
Tudor, Florin.
The latest Scoreboard of the European Commission regarding the state aid shows that the Member States are using increasingly more opportunities offered by EU rules on state aid. This paper comes to clarify the benefits of accessing the minimis aid by traders, as capital contributions, guarantees, risk capital measures in the innovation process, to create a new product, introducing a new method of manufacturing, entering in a new market or creating a new market, calling for a new raw material.
Tipo: Journal Article Palavras-chave: Innovation; The minimis aid; Financial crisis; Competitiveness.; International Development; G38; O31.
Ano: 2010 URL: http://purl.umn.edu/94637
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Productivity Change in U.S. Coal Mining AgEcon
Darmstadter, Joel; Kropp, Brian.
Labor productivity in U.S. coal mining increased at an average annual rate of slightly over four percent during the past 45 years. This report examines key factors contributing to that record - particularly, technological innovation in both surface and underground mining and concurrent geographic shifts in U.S. coal production. Health, safety, and environmental regulations introduced in the sixties and seventies, as well as labor unrest, interrupted long-term productivity advance; but the interruption was of limited duration. Although our principal focus is on worker productivity, steady growth in the relative importance of nonlabor inputs underscores the need to consider total factor productivity. The report touches on the productivity record using that...
Tipo: Working or Discussion Paper Palavras-chave: Coal mining; Productivity; Technological change; Resource /Energy Economics and Policy; Q41; L72; O31.
Ano: 1997 URL: http://purl.umn.edu/10874
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The Induced Innovation Hypothesis and Energy-Saving Technological Change AgEcon
Newell, Richard G.; Jaffe, Adam B.; Stavins, Robert N..
We develop a methodology for testing Hick's induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests: (i) the rate of overall innovation was independent of energy prices and regulations, (ii) the direction of innovation was responsive to energy price changes for some products but not for others, (iii) energy price changes induced changes in the subset of technically feasible models that were offered for sale, (iv) this responsiveness increased substantially during the period after energy-efficiency product labeling was required, and (v) nonetheless, a sizeable portion of...
Tipo: Working or Discussion Paper Palavras-chave: Induced innovation; Energy efficiency; Technological change; Economic incentives; Regulation; Standards; Climate change; Resource /Energy Economics and Policy; L51; O31; O38; Q40; Q20; Q48.
Ano: 1998 URL: http://purl.umn.edu/10521
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The Environment and Directed Technical Change AgEcon
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; Hemous, David.
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed to improving the technology of machines in either sector. We characterize dynamic tax policies that achieve sustainable growth or maximize intertemporal welfare. We show that: (i) in the case where the inputs are sufficiently substitutable, sustainable long-run growth can be achieved with temporary taxation of dirty innovation and production; (ii) optimal policy involves both “carbon taxes” and research subsidies, so that excessive use of carbon taxes is avoided;...
Tipo: Working or Discussion Paper Palavras-chave: Environment; Exhaustible Resources; Directed Technological Change; Innovation; Environmental Economics and Policy; O30; O31; O33; C65.
Ano: 2010 URL: http://purl.umn.edu/92839
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How to Win Schumpeterian Competition. Technological Transfers in the German Plastics Industry from the 1930s to the 1970s AgEcon
Streb, Jochen.
Introducing the concept of innovation capital we will analyse conditions under which a national industry is able to succeed in international Schumpeterian competition. Then we will discuss the significance of this concept for the economic development of the German plastics industry from the 1930s to the 1970s. Using a repeated game model of technological cooperation we will especially focus on technological transfers from chemical firms to plastics fabricators. We will deploy both a microeconomic approach when viewing product innovations transferred by the so-called Kunststoffrohstoffabteilung (KURO) of chemical firm BASF, and a macroeconomic approach when looking at the development of total factor productivity in the German plastics fabricating industry....
Tipo: Working or Discussion Paper Palavras-chave: Technological transfer; Schumpeterian competition; Repeated game; Plastics industry; Germany; Research and Development/Tech Change/Emerging Technologies; D83; L65; N64; O31.
Ano: 1999 URL: http://purl.umn.edu/28374
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Can Entrepreneurship Be Taught? AgEcon
Klein, Peter G.; Bullock, J. Bruce.
Is entrepreneurship an innate ability or an acquired skill? Can entrepreneurship acumen be achieved and enhanced through education and training, or are certain people “born” to be entrepreneurs or to act entrepreneurially? Economists and management theorists give widely divergent answers to these questions. This paper reviews the major approaches to teaching entrepreneurship, primarily at the undergraduate level, and relates them to economic theories of entrepreneurship. Surprisingly, we find little connection between the leading approaches to entrepreneurship education and economists’ understanding of the entrepreneurial function. We assess likely explanations for the lack of contact between these two groups of scholars and suggest possible...
Tipo: Journal Article Palavras-chave: Alertness; Entrepreneurship; Innovation; Opportunity identification; Resource acquisition; Uncertainty bearing; Risk and Uncertainty; Teaching/Communication/Extension/Profession; M13; A22; O31.
Ano: 2006 URL: http://purl.umn.edu/43779
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Determinants of Food Industry Performance – Empirical Evidence Based on a Survey AgEcon
Furtan, William Hartley; Sauer, Johannes.
This paper empirically investigates the determinants of firms’ performance in the agri-food sector by using recent survey data for Denmark. Treating sales per employee as a proxy for value addition we estimate several bootstrapped regression models to draw conclusions on the marginal effects of potential performance determinants such as the form and nature of ownership, stage of the food chain and commodity sector, new product development, staff quality, firms’ competitive stance, and elements of firms’ strategy. To draw robust inferences we apply, besides the ordinary heteroscedasticity corrected Tobit ML-estimator, a nonparametric least absolute deviations estimator (LAD/CLAD) based on a quantile regression procedure. The results indicate that we cannot...
Tipo: Conference Paper or Presentation Palavras-chave: Value added; Innovation; Organizational type; Agribusiness; Q13; O31; O33.
Ano: 2008 URL: http://purl.umn.edu/6422
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Modeling Agricultural Innovation in a Rapidly Developing Country: The Case of Chinese Pesticide Industry AgEcon
Shi, Guanming; Pray, Carl E..
Technology and innovation play an increasingly important role in the economic development of both developed and developing countries. We investigate how policy and market factors influence firms’ (or other potential innovators’) decisions on innovation or imitation by developing a conceptual model and then empirically testing it using pesticide innovation data from a rapidly developing country, China. We find that the government encouraged local innovation by opening regions to more international trade, more investment in public research and education, strengthening intellectual property right (IPR) enforcement, and limiting the role of foreign inventors. However, the role of the extension of patent life in the early 1990s has little impact. Theory and...
Tipo: Conference Paper or Presentation Palavras-chave: Innovation; Pesticide; China; Patent; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; International Development; Research and Development/Tech Change/Emerging Technologies; O31; O34; O38.
Ano: 2011 URL: http://purl.umn.edu/103744
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Innovation and Institutional Ownership AgEcon
Aghion, Philippe; Van Reenen, John; Zingales, Luigi.
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of risky projects. The data supports the career concerns model. First, whereas the lazy manager hypothesis predicts a substitution effect between institutional ownership and product market competition (and managerial entrenchment generally), the career-concern model allows for complementarity. Empirically, we reject substitution effects. Second, CEOs are less likely to be fired in the face of...
Tipo: Working or Discussion Paper Palavras-chave: Career Concerns; Innovation; Institutional Ownership; Productivity and R&D; Financial Economics; G20; G32; O31; O32; O33.
Ano: 2010 URL: http://purl.umn.edu/93414
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Modeling US Counties’ Innovation Capacity with a Focus on Natural Amenities AgEcon
Zhu, Erqian Julia; Kim, Man-Keun; Harris, Thomas R..
Tipo: Conference Paper or Presentation Palavras-chave: Innovation Capacity; Natural Amenity; Community/Rural/Urban Development; O31; Q51.
Ano: 2011 URL: http://purl.umn.edu/103249
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Production Outsourcing, Organizational Governance and Firm's Technological Performance: Evidence from Italy AgEcon
Antonietti, Roberto; Cainelli, Giulio.
Aim of this paper is to study whether and how the firm’s decision to outsource production activities affects its technological performance. In particular, we look at how the alignment between the firm’s governance strategy and the underlying attributes of the transactions affects the capacity of the firm to introduce new products and processes. Using microeconomic data on a repeated cross-section of Italian manufacturing firms for the period 1998-2003, we develop a two-stage approach: first, we estimate the determinants of the firm’s organizational governance (production outsourcing); second, we incorporate a measure of governance misalignment into a technological performance relation. We find (i) that firms not aligned with the optimal organizational...
Tipo: Working or Discussion Paper Palavras-chave: Production Outsourcing; Organizational Governance; Misalignment; Technological Performance; Non-Linearity; Research and Development/Tech Change/Emerging Technologies; L23; L24; L25; O31.
Ano: 2007 URL: http://purl.umn.edu/9553
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DETERMINANTS OF FOOD INDUSTRY PERFORMANCE – SURVEY DATA AND REGRESSIONS FOR DENMARK AgEcon
Furtan, William Hartley; Sauer, Johannes.
This paper investigates empirically the determinants of firms’ performance in the agrifood sector by using recent survey data for Denmark. Treating sales per employee as a proxy for value added we estimate several bootstrapped regression models to draw conclusions on the marginal effects of potential performance determinants such as the form and nature of ownership, stage of the food chain and commodity sector, new product development, staff quality, firms’ competitive stance, and elements of firms’ strategy. To draw robust inferences we apply, besides the ordinary heteroscedasticity corrected Tobit ML-estimator, a nonparametric least absolute deviations estimator (LAD/CLAD) based on a quantile regression...
Tipo: Conference Paper or Presentation Palavras-chave: Value added; Innovation; Organizational type; Food Consumption/Nutrition/Food Safety; Q13; O31; O33.
Ano: 2008 URL: http://purl.umn.edu/36851
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What Makes Agricultural Intensification Profitable for Mozambican Smallholders? An Appraisal of the Inputs Subsector and the 1996/97 DNER/SG2000 Program AgEcon
Howard, Julie A.; Jeje, Jose Jaime; Tschirley, David L.; Strasberg, Paul J.; Crawford, Eric W.; Weber, Michael T..
This report summarizes an appraisal of input utilization and marketing in Mozambique, focusing on the following research questions: (1) What are current smallholder yields for major commodities, and what is the potential for increasing yields through the use of improved technologies? (2) To what extent are improved technologies already being used by smallholders, and is the use of improved technologies profitable? (3) How are improved seeds, fertilizer and pesticides currently produced and distributed? and (4) What are the key constraints and opportunities for increasing the use of improved technologies by smallholders?
Tipo: Report Palavras-chave: Food security; Food policy; Improved technologies; Farm Management; Downloads July 2008-July 2009: 9; O31.
Ano: 1998 URL: http://purl.umn.edu/54680
Registros recuperados: 59
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