Over the past decade, research explaining cross country income differences has increasingly pointed to the dominant role of total factor productivity (TFP) gaps as opposed to factor accumulation. Nevertheless, it is a widely held belief that a country's ability to absorb and implement technologies is tied to its human capital. In this paper, we implement this idea in a novel specification and explore ...
This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is unbounded at a non-zero frequency. The reason for choosing this specification is that the periodogram of the ...
While there has been a large empirical literature on productivity spillovers from multinationals this literature treats the channels through which these spillover effects work as a black box. The innovation of this paper is to investigate whether spillovers occur via worker mobility. We use data on whether or not the owner of a domestic firm has previous experience in a multinational, and relate this ...
Seit 1999 fördert das Bundesministerium für Wirtschaft und Technologie (BMWi) im Programm "Förderung von innovativen Netzwerken (InnoNet)" größere Verbundprojekte zwischen öffentlichen Forschungseinrichtungen und mehreren kleinen und mittleren Unternehmen (KMU). Die Unternehmen kommen in diesem Programm nicht unmittelbar in den Genuss von Fördergeldern, sondern müssen sich mit Eigenleistungen am Projekt ...
Open access means that research outputs, such as articles and data, are free of restrictions on access and free of restrictions on use. In the light of recent market developments in academic publishing, we argue in this essay that the discourse about open access must include a discussion about research infrastructure and innovation in academic publishing.
Abstract EU power market design has been focused on facilitating trading between countries and for this has defined interfaces for market participants and TSOs between countries. The operation of power systems and markets within countries was not the focus of these developments. This may have contributed to difficulties of defining or implementing a common perspective in particular on intraday and ...
It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the incentives of firms for data acquisition and sharing depend on the willingness of consumers to switch brands. Firms ...
