nep-tid New Economics Papers
on Technology and Industrial Dynamics
Issue of 2013‒01‒07
three papers chosen by
Rui Baptista
Technical University of Lisbon

  1. Cross-country difference in R&D productivity Comparison of 11 European economies By Lööf, Hans; Savin, Maxim
  2. Technology Adoption, Job Matching Frictions and Business Creation By Andrea Colciago; Federico Etro
  3. Retail Payment Systems: Competition, Innovation, and Implications By Wilko Bolt

  1. By: Lööf, Hans (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology); Savin, Maxim (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)
    Abstract: This paper examines differences in R&D productivity across a group of geographically adjacent economies. By distributing close to 355,000 patents across 18 industries in 11 countries, we find clear and systematic country patterns when taking into account differences in industrial structure, institutional arrangements and R&D intensity. This finding supports the argument that innovation systems are important for an industry’s capacity to generate new patentable knowledge.
    Keywords: Patent; R&D; Innovation; international comparison; panel data
    JEL: L60 O33 O50
    Date: 2012–12–19
  2. By: Andrea Colciago (Department of Economics, University Of Milan, Bicocca and Dutch National Bank); Federico Etro (Department of Economics, University Of Venice Cà Foscari)
    Abstract: We study the impact of a General Purpose Technology that changes the cost structure turning fixed costs into variable ones in most sectors. A major recent example is cloud computing, whose adoption allows firms to avoid large up-front costs in IT and to rent computing capability online. We study the macroeconomic impact of the adoption of such an innovation in a DSGE model with endogenous market structures in the goods market and search and matching frictions in the labor market. To start a business, firms need to hire workers from the pool of unemployed agents and set up a stock of IT capital: the new technology allows them to rent computing capabilities reducing entry costs. Such an innovation can have a substantial impact on business and job creation.
    Keywords: Endogenous entry, General purpose technology, Job creation, Search frictions, Cloud computing
    JEL: L1 J6 O3
    Date: 2012
  3. By: Wilko Bolt
    Abstract: Efficient payment services underpin the smooth operation of the economy. Competition and innovation are key drivers for payment market efficiency in both the short and long run. This paper gives an overview and tries to assess the key determinants that affect pricing, competition and the incentives to innovate in the payment market. While the payment landscape is changing rapidly, it is not yet clear what business model will survive.
    Keywords: Payments; pricing; competition; innovation
    JEL: L11 G21 C21
    Date: 2012–12

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