Found 408 article(s) in category 'Innovation'

Intertemporal Choice

Intertemporal Choice. David Laibson, December 2018, Paper, “Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential discounted utility model is empirically accurate, but, instead, what models best explain the robust behavioral deviations we observe. We introduce the term “present-focused preferences” to describe the large class of models that prioritize present flows of experienced utility. Present-focused preferences need not coincide with a preference for commitment or dynamically inconsistent preferences. Present-bias is a special case of present-focused preferences.Link

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The Ethnic Migrant Inventor Effect: Codification and Recombination of Knowledge Across Borders

The Ethnic Migrant Inventor Effect: Codification and Recombination of Knowledge Across Borders. Prithwiraj Choudhury, October 22, 2018, Paper, “Ethnic migrant inventors may differ from locals in terms of the knowledge they bring to host firms. Using a unique dataset of Chinese and Indian herbal patents filed in the United States, we find that an increase in the supply of first‐generation ethnic migrant inventors increases the rate of codification of herbal knowledge at U.S. assignees by 4.5 percent. Our identification comes from an exogenous shock to the quota of H1B visas and from a list of entities exempted from the shock. We also find that ethnic migrant inventors are more likely to engage in reuse of knowledge previously locked within the cultural context of their home regions, whereas knowledge recombination is more likely to be pursued by teams comprising inventors from other ethnic backgrounds.Link

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The workforce of pioneer plants: The role of worker mobility in the diffusion of industries

The workforce of pioneer plants: The role of worker mobility in the diffusion of industries. Ricardo Hausmann, October 2018, Paper, “Because many skills are tacit and specific to an industry, the diffusion of industries and the technologies they employ often requires that workers skilled in the use of these technologies relocate to the new region…Link

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Migration and Innovation: Evidence from Technology Take-offs

Migration and Innovation: Evidence from Technology Take-offs. Prithwiraj Choudhury, October 13, 2018, Paper, “We investigate the relationship between international migration flows and the dynamics of innovation in the migrants’ receiving and sending countries. We find that countries are 3.5% more likely to become significant producers of a technology for every twofold increase in the stock of immigrants (30,000 people, on average) from countries that excel in that same technology. Our results are much stronger for skilled migrants, and are mostly driven by international migration rather than by cross-border trade or investments. We use a migration gravity framework to instrument for migrant stocks, reducing possible endogeneity concerns. We interpret these results as tangible evidence of migrants facilitating the diffusion of knowledge across nations.Link

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Baystate Business: Investing, Leadership, Lawsuits

Baystate Business: Investing, Leadership, Lawsuits. Gautam Mukunda, September 26, 2018, Audio, “On the Wednesday, September 19 edition of Bloomberg Baystate Business we spoke with Bloomberg News reporter Alan Levin about the aftermath of the Merrimack Valley gas explosions. Bloomberg News cross assets reporter Sarah Ponczek talked about the Bloomberg Future of Investing event held earlier in the day in Boston. Gautam Mukunda of Harvard Business School talked about his research on business leaders as political leaders. Boston Business Journal law and money reporter Greg Ryan told us about the lawsuit filed by the former owners of Suffolk Downs against the company that used to be known as Wynn Resorts, which is building a billion dollar casino in Everett…Link


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Taxation and Innovation in the 20th Century

Taxation and Innovation in the 20th Century. Tom Nicholas, Stefanie Stantcheva, September 2018, Paper, “This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth century. We use three new datasets: a panel of the universe of inventors who patent since 1920; a dataset of the employment, location and patents of firms active in R&D since 1921; and a historical state-level corporate tax database since 1900, which we link to an existing database on state-level personal income taxes. Our analysis focuses on the impact of taxes on individual inventors and firms (the micro level) and on states over time (the macro level).Link

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History, Micro Data, and Endogenous Growth

History, Micro Data, and Endogenous Growth. Tom Nicholas, September 8, 2018, Paper, “Economic growth is concerned with long-run changes, and therefore historical data should be especially influential in informing the development of new theories. In this paper we draw on the recent literature to highlight areas in which history has played a particularly prominent role in improving our understanding of growth dynamics. Research at the intersection of historical data, theory and empirics has the potential to re-frame how we think about economic growth in much the same way that historical perspectives helped to shape the first generation of endogenous growth theories.Link

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The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth

The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth. Amy Edmondson, 2018, Book, “Conquer the most essential adaptation to the knowledge economy Psychological Safety at Work: How to Ensure Learning and Innovation in the Knowledge Economy offers practical guidance for teams and organizations who are serious about success in the modern economy. With so much riding on innovation, creativity, and spark, it is essential to attract and retain quality talent–but what good does this talent do if no one is able to speak their mind? The traditional culture of “fitting in” and “going along” spells doom in the knowledge economy. Success requires a continuous influx of new ideas, new challenges, and critical thought, and the interpersonal climate must not suppress, silence, ridicule or intimidate.Link

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Economists (and Economics) in Tech Companies

Economists (and Economics) in Tech Companies. Michael Luca, September 11, 2018, Paper, “As technology platforms have created new markets and new ways of acquiring information, economists have come to play an increasingly central role in tech companies – tackling problems such as platform design, strategy, pricing, and policy. Over the past five years, hundreds of PhD economists have accepted positions in the technology sector. In this paper, we explore the skills that PhD economists apply in tech companies, the companies that hire them, the types of problems that economists are currently working on, and the areas of academic research that have emerged in relation to these problems.Link

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Learning to Improve the World: How Injaz Al-Arab helps youth in the Middle East develop an entrepreneurial mindset

Learning to Improve the World: How Injaz Al-Arab helps youth in the Middle East develop an entrepreneurial mindset. Fernando Reimers, August 2018, Book, “The world is changing rapidly. Globalization and technological innovation have created new opportunities and challenges for individuals, communities and nations. With these changes it has become necessary to revisit to what extent children and youth are being prepared to be effective and productive citizens and workers, and to what extent they are equipped not just to understand the future, but to invent it. In the 21st century the skills and dispositions necessary to live meaningful lives, to participate socially, civically and economically, have expanded from those which were sufficient in the past.Link

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