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Firm-level contributions to the R&D intensity distribution: evidence and policy implications 企业层面对研发强度分布的贡献:证据与政策启示
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-11-03 DOI: 10.1080/10438599.2022.2140658
Sebastiano Cattaruzzo, Agustí Segarra‐Blasco, Mercedes Teruel
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引用次数: 0
Determinants of innovation novelty: evidence from Australian administrative data 创新新颖性的决定因素:来自澳大利亚行政数据的证据
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-10-20 DOI: 10.1080/10438599.2022.2132239
Omer Majeed, Robert Breunig
Innovation is key for productivity growth and an important focus for policy in many countries. Innovation novelty, increasing from new-to-firm to new-to-world, is linked with firm growth and spillo...
创新是提高生产率的关键,也是许多国家政策的重要重点。创新的新颖性,从新的企业到新的世界,与企业成长和溢出有关。
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引用次数: 3
Patents, family, and size: evidence from Italian manufacturing firms 专利、家族和规模:来自意大利制造公司的证据
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-10-15 DOI: 10.1080/10438599.2022.2134125
F. Aiello, P. Cardamone, L. Mannarino, Valeria Pupo
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引用次数: 1
Agglomeration, recombinant innovation and the role of market reforms in a transitioning China 集聚、重组创新与市场改革在转型期中国的作用
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-09-16 DOI: 10.1080/10438599.2022.2122456
Anthony Howell, Robin (Guohuibin) Li, M. Feldman, Haifeng Qian
ABSTRACT This paper estimates a knowledge production function to study the effects of local spillovers on the patenting activity and new innovation sales of Chinese firms during a period marked by rapid economic reform. We show that local spillovers expected to arise between co-located firms in related industries encourages firm innovation outcomes, especially among firms that diversify their core competencies into new related (versus unrelated) technological domains. Exploiting the gradual and spatially uneven economic transitioning process as a quasi-natural experiment, we find that the positive effects of relatedness on firm innovation are significantly larger in size following more intense market-oriented reforms. The results are potentially relevant for policy-makers in transitioning economies, highlighting for the first time the importance of firms' own diversification process and market-oriented reforms for encouraging innovation-enhancing technological related spillovers.
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引用次数: 1
Information asymmetry, risk aversion and R&D subsidies: effect-size heterogeneity and policy conundrums 信息不对称、风险规避与研发补贴:效应大小异质性与政策难题
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-09-07 DOI: 10.1080/10438599.2022.2119563
M. Ugur, E. Trushin
ABSTRACT Drawing on the theory of contracts and Schumpeterian models of innovation, we demonstrate that information asymmetry and risk aversion are conducive to effect-size heterogeneity and sub-optimal allocation of R&D subsidies. Utilising an unbalanced panel of 43,650 British firms from 1998 to 2012 and an entropy balancing methodology, we find that R&D subsidies are less likely to generate additionality effects when: (a) firms are larger, older, or more R&D-intensive; and (b) investment in basic research or during crisis episodes is considered. We also report that over 85% of the subsidies are allocated to large, old and R&D-intensive firms that do not deliver additional R&D investment. Our findings reveal a policy conundrum: the case for R&D subsidies is stronger during economic downturns, when R&D investment is in basic research and when firm age, size and R&D intensity reflect success in converting R&D investment into innovative product lines; but the subsidy is less likely to increase business R&D under these conditions.
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引用次数: 1
Non-fungible token (NFT) markets on the Ethereum blockchain: temporal development, cointegration and interrelations 以太坊区块链上的不可替代代币(NFT)市场:时间发展,协整和相互关系
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-09-06 DOI: 10.1080/10438599.2022.2119564
Lennart Ante
The market for non-fungible tokens (NFTs), transferrable and unique digital assets on public blockchains, has received widespread attention and experienced strong growth since early 2021. This stud...
不可替代代币(nft)市场,即公共区块链上的可转让和独特的数字资产,自2021年初以来受到了广泛关注,并经历了强劲增长。这个螺栓…
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引用次数: 94
Network externalities, product compatibility and process innovation 网络外部性、产品兼容性和工艺创新
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-07-08 DOI: 10.1080/10438599.2022.2095513
D. Buccella, L. Fanti, L. Gori
ABSTRACT This article augments d’Aspremont and Jacquemin’s [1988. “Cooperative and Noncooperative R&D in Duopoly with Spillovers.” American Economic Review 78: 1133–1137; 1990. “Cooperative and Noncooperative R&D in Duopoly with Spillovers: Erratum.” American Economic Review 80: 641–642] cost-reducing R&D duopoly by introducing network externalities and product compatibility and then considers the investment decision stage. For standard non-network industries, the received literature has robustly shown that the non-cooperative R&D investment decision game is, without technological spill-over, a prisoner’s dilemma with investing firms (there is a conflict between self-interest and mutual benefit of investing in R&D), and a deadlock (there is no conflict between self-interest and mutual benefit of investing in R&D) only whether the extent of technological spill-over is sufficiently high. Network externalities and product compatibility challenge this result. In fact, outcomes antithetical to those emerging in a non-network industry do exist. Under symmetric full compatibility, the game is a deadlock also without spill-over effects. Under symmetric incompatibility, the game can be a prisoner’s dilemma irrespective of the extent of the technological spill-over. From a policy perspective, the article shows that R&D subsidies or taxes can be used as social welfare maximising tools depending on the extent of the network externality and the degree of product compatibility. The work focuses on Cournot rivalry, but results hold also for price-setting firms (Bertrand rivalry).
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引用次数: 5
The nonlinear impact of FinTech on the real economic growth: evidence from China 金融科技对实体经济增长的非线性影响——来自中国的证据
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-07-04 DOI: 10.1080/10438599.2022.2095512
Y. Bu, Xinghui Yu, Hui Li
ABSTRACT Financial technology (FinTech) in promoting the real economy is a topic attracting much attention. This paper adopts a threshold regression model to solve the endogenous problem well and make up for the lack of empirical evidence of scientific models in existing research in this area. The empirical results show that FinTech has a significant promoting effect on real economic growth, manifested as a U-shaped relationship and double threshold effect. In the early stage of FinTech development, it will restrain economic growth. The continuous improvement will positively impact economic growth, and the result shows a law of marginal decline. Moreover, there are significant regional differences in the nonlinear characteristics. Our research has solid practical significance and contributes to the literature on the effects of FinTech on real economic growth.
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引用次数: 3
Identification of a Developmental Switch in Information Transfer between Whisker S1 and S2 Cortex in Mice. 识别小鼠胡须 S1 和 S2 皮层之间信息传递的发育开关
3区 经济学 Q1 ECONOMICS Pub Date : 2022-06-01 Epub Date: 2022-05-02 DOI: 10.1523/JNEUROSCI.2246-21.2022
Linbi Cai, Jenq-Wei Yang, Chia-Fang Wang, Shen-Ju Chou, Heiko J Luhmann, Theofanis Karayannis

The whiskers of rodents are a key sensory organ that provides critical tactile information for animal navigation and object exploration throughout life. Previous work has explored the developmental sensory-driven activation of the primary sensory cortex processing whisker information (wS1), also called barrel cortex. This body of work has shown that the barrel cortex is already activated by sensory stimuli during the first postnatal week. However, it is currently unknown when over the course of development these stimuli begin being processed by higher-order cortical areas, such as secondary whisker somatosensory area (wS2). Here we investigate the developmental engagement of wS2 by whisker stimuli and the emergence of corticocortical communication from wS1 to wS2. Using in vivo wide-field imaging and multielectrode recordings in control and conditional KO mice of either sex with thalamocortical innervation defects, we find that wS1 and wS2 are able to process bottom-up information coming from the thalamus from birth. We also identify that it is only at the end of the first postnatal week that wS1 begins to provide functional excitation into wS2, switching to more inhibitory actions after the second postnatal week. Therefore, we have uncovered a developmental window when information transfer between wS1 and wS2 reaches mature function.SIGNIFICANCE STATEMENT At the end of the first postnatal week, the primary whisker somatosensory area starts providing excitatory input to the secondary whisker somatosensory area 2. This excitatory drive weakens during the second postnatal week and switches to inhibition in the adult.

啮齿类动物的胡须是一个关键的感觉器官,它为动物一生的导航和物体探索提供关键的触觉信息。以往的研究工作探索了处理胡须信息的初级感觉皮层(wS1)(也称桶状皮层)在发育过程中由感觉驱动的激活。这些研究表明,桶状皮层在出生后第一周就已经被感官刺激激活。然而,在发育过程中,这些刺激何时开始由更高阶的皮层区域(如次级须体感区(wS2))进行处理,目前尚不清楚。在此,我们研究了胡须刺激对 wS2 的发育参与,以及从 wS1 到 wS2 的皮质通信的出现。通过对丘脑皮层神经支配缺陷的对照组小鼠和条件性 KO 小鼠进行体内宽场成像和多电极记录,我们发现 wS1 和 wS2 从出生起就能处理来自丘脑的自下而上的信息。我们还发现,只有在出生后第一周结束时,wS1 才开始向 wS2 提供功能性兴奋,而在出生后第二周之后,则转为更多的抑制作用。因此,我们发现了 wS1 和 wS2 之间的信息传递达到成熟功能的发育窗口。意义声明 在出生后第一周末,初级胡须体感区开始向次级胡须体感区 2 提供兴奋性输入。这种兴奋驱动力在出生后第二周逐渐减弱,成年后转为抑制。
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引用次数: 0
Assessing the impact of digital technology diffusion policies. Evidence from Italy 评估数字技术扩散政策的影响。来自意大利的证据
IF 3.3 3区 经济学 Q1 ECONOMICS Pub Date : 2022-05-23 DOI: 10.1080/10438599.2022.2075357
Barbara Bratta, Livio Romano, P. Acciari, F. Mazzolari
ABSTRACT This paper provides firm-level evidence on how subsidies to buyers of advanced digital production technologies work in sustaining private investments in innovation, and how such investments correlate with firms’ demand for labor. By exploiting the introduction in 2017 of a fiscal incentive granted to all Italian companies purchasing tangible goods instrumental to their digital transformation, we are able to quantify the volume of the subsidized investments within the national economy, to correlate the decision to invest with ex-ante structural and strategic characteristics of the beneficiary firms, and to evaluate the labor market effects (hirings and separations) of these investments at the firm level, for different classes of workers and firms. Overall, the analysis suggests that the policy has been so far an effective means to support the advanced digital technology transformation of the Italian production system and that such transformation has been positively correlated with employment growth at investing firms.
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引用次数: 1
期刊
Economics of Innovation and New Technology
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