منابع مشابه
Innovation, reallocation and growth
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between highand low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of...
متن کاملInnovation and Reallocation
This paper considers an improvement in capital embodied technology which only production units that adapt to new knowledge can utilize. This innovation is distinct from a decline in capital goods price which can be utilized by all production units. A simple firm dynamics model is used to show that such an innovation shock enhances reallocation, whereas a shock lowering capital goods price reduc...
متن کاملCapital Reallocation and Growth
Heterogeneity is ubiquitous in firm-level and sectoral data. Equilibrium models, however, typically assume a representative firm, as in Andrew B. Abel and Olivier J. Blanchard (1983). The representative firm paradigm leaves no role for the distribution of capital. We model capital reallocation in a general equilibrium model with two sectors. Capital adjustment costs capture illiquidity in our m...
متن کاملCEP Discussion Paper No 1216 May 2013 Innovation , Reallocation and Growth
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between highand low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of...
متن کاملStudy on Technology Innovation and Human Resources Reallocation
Economic globalization promotes rapid development of scientific technology. The emergence of technological innovation makes that optimal allocation of human resources has been on the agenda gradually.Relying on technological innovation, enhancing the production efficiency of the enterprises constantly, implementing cost-effective or differentiation are the key of devepment.Human resources in th...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2251936