We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity the rest of economy. To separate exogenous ICT from other technological progress, we use relative price goods services a structural VAR with medium-run restrictions. Using local projections estimate effect ICT-related on sectoral (TFP), find two sets results. First, sinc...

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion, benefited from enhanced assimilation, lower cultural diversity and, thus, more intense accumulation of ...

In this paper we study mutual absolute continuity, finiteness of relative entropy and the possibility of their equivalence for probability measures on C([0,∞);Rd) induced by diffusion processes. We also determine explicit events which distinguish between two mutually singular measures in certain one-dimensional cases.

Non-technological innovation is an important element of firms’ innovation activities that both supplement and complement technological innovation, i.e. the introduction of new products and new processes. We analyse the spread of nontechnological innovation in firms, their relation to technological innovation, and their effects to firm performance and success with product and process innovation,...

Openness and Technological Innovations in Developing Countries: Evidence from Firm-Level Surveys This paper examines international technology transfers using firm-level data across 43 developing countries. Our findings show that exporting and importing activities are important channels for the transfer of technology. Majority foreign-owned firms are less likely to engage in technological innova...

Knowledge in medicine has always depended on the investigative tools available at any given time. This explains that our understanding of pathophysiology has most often progressed by frog leaps, reflecting the successive technological innovations bestowed upon the various fields of medicine, such as ours. The integration of new technological innovations normally follows a standard process where...