1,721,447 research outputs found

    How Much Horizontal Innovation Is Consistent with Vertical Innovation?

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    R&D-driven growth theory emphasizes vertical and horizontal innovation activities for long run growth. In this paper, we show that the real world co-existence of both innovative activities restricts the admissible laws of motion for horizontal innovation, thereby allowing to test the admissible range of intertemporal horizontal R&D spillovers. Private arbitrage between manufacturing and vertically innovating makes quality improving R&D profitable if and only if the horizontal innovation rate does not exceed the population growth rate. Hence, the mere observation of positive vertical innovation suggests that the number of new sectors has not been increasing faster than population

    R&D and Espionage: Effects on Income Level, Growth, and Inequality.

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    Una parte de la literatura del crecimiento considera que los recursos intangibles tales como las ideas y el conocimiento son el motor principal de la prosperidad económica. Por su naturaleza intrínseca, las ideas son más fáciles de robar que los factores productivos tradicionales como el capital físico o la tierra. Consideramos una economía en la que la innovación consiste en el aumento de la calidad de los productos existentes, y en la que la variedad del producto crece en proporción al tamaño de la población. Basándonos en cierta evidencia reciente, suponemos que el robo de ideas puede producirse en la fase de I+D. El artículo muestra que con una población creciente y con una tasa de crecimiento de la población suficientemente importante, la fracción de trabajadores dedicados a actividades de espionaje tiende a ser constante. En economías donde el proceso I+D es más vulnerable al robo de ideas, la tasa de crecimiento es más baja. Finalmente, señalamos que los subsidios no diferenciados a la I+D, no tienen ningún efecto a largo plazo en el crecimiento, pero afectan positivamente a los salarios y negativamente a los niveles de renta per cápita de estado estacionario.A strand of growth literature considers intangible assets –such as ideas and knowledge– as the main engine for economic prosperity. Because of its intrinsic nature ideas are much more easily stolen than traditional production factors such as physical capital and land. We consider an economy in which innovation consists in upgrading the quality of the existing products, and in which the product variety grows in proportion to population size. Inspired by recent evidence, we assume that ideas theft can occur at the R&D level. We show that with growing population and with a large enough population growth rate, the fraction of labor engaged in spying activities tends to be constant. In economies where the R&D process is more vulnerable to idea theft, growth rates are lower. Finally, we show that undifferentiated R&D subsidies have no long run growth effects, but subsidies positively affect wages and negatively affect steady state per-capita income levels

    Intellectual appropriability, product differentiation, and growth

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    In the modern world, the main assets are immaterial ideas. Such assets are much more easily stolen than traditional factors such as physical capital and land. In this paper, we investigate the long-run growth effects of intellectual misappropriation at the R&D level. We adopt a generalized framework with both vertical and horizontal innovation. Inspired by recent evidence and by the patent law, we assume that only vertical innovations can be spied, because they are less easily patented than horizontal innovations. The main results are: (1) despite growing population, the fraction of labor engaged in spying activities tends to be constant; (2) in economies in which the R&D process is more vulnerable to ideas theft, growth rates are lower but product differentiation will be more intense; (3) intellectual misappropriation neutralizes the positive growth effect of R&D subsidies but not their positive level effects

    Intellectual property, competition, and growth: an introduction

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    Are we mislabelling long covid in children and adolescents?

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    In their commentary on the Norwegian cohort study by Magnusson, Zimmerman and colleagues point out that what is labelled as “long covid” in many children and adolescents seems to have no clear relation to acute SARS-CoV-2 infection. Recent population studies conducted in Denmark and Germany found that the prevalence and type of symptoms reported during the pandemic were similar in children with and without a recent verified SARS-CoV-2 infection. The first showed that school children without SARS-CoV-2 infection experienced significantly more concentration difficulties, headaches, and muscle and joint pain than their peers with infection. Several other studies have reported that the pandemic has led to a worsening of anxious, depressive, and post-traumatic symptoms in children and adolescents.5 Forced isolation, familial difficulties, concerns for relatives’ and friends’ health, loss of structures of support, and school closures are considered responsible for the increase in mental health problems that we are experiencing. We are not suggesting that everyone who continues to experience symptoms after acute SARS-CoV-2 infection has mental health problems. Nevertheless, we should consider that the pandemic brings a huge burden of emotional distress and suffering to children and adolescents. By uncritically applying a label of long covid, we risk mislabelling patients with mental health problems and, even worse, perpetuating and strengthening symptoms in people predisposed to such problems. Describing new medical conditions and labelling patients should not be considered without risk
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