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Crowdfunding has emerged as a widespread strategy for startups seeking financing, particularly through reward-based methods. However, understanding its economic impact at both micro and macro levels requires thorough analysis, often…
Essential functionality in the ICT (Information and Communication Technology) space draws from standards such as HTTP (IETF RFC 2616, Bluetooth (IEEE 802.15) and various telecommunication standards (4G, 5G). They have fuelled rapid growth…
Artificial intelligence (AI) and high-performance computing (HPC) are rapidly becoming the engines of modern science. However, their joint effect on discovery has yet to be quantified at scale. Drawing on metadata from over five million…
We propose a model that reflects two important processes in R&D activities of firms, the formation of R&D alliances and the exchange of knowledge as a result of these collaborations. In a data-driven approach, we analyze two large-scale…
We study several models of growth driven by innovation and imitation by a continuum of firms, focusing on the interaction between the two. We first investigate a model on a technology ladder where innovation and imitation combine to…
Revenue generation is the main concern of any business, particularly in the cloud, where there is no direct interaction between the provider and the consumer. Cloud computing is an emerging core for today's businesses, however, Its…
After the Internet and the World Wide Web have become popular and widely-available, the electronically stored online interactions of individuals have fast emerged as a challenge for researchers and, perhaps even faster, as a source of…
We argue that the recent growth in income inequality is driven by disparate growth in investment income rather than by disparate growth in wages. Specifically, we present evidence that real wages are flat across a range of professions,…
Labor plays a major, albeit largely unrecognized role in the development of artificial intelligence. Machine learning algorithms are predicated on data-intensive processes that rely on humans to execute repetitive and difficult-to-automate,…
Knowing which countries contribute the most to pushing the boundaries of knowledge in science and technology has social and political importance. However, common citation metrics do not adequately measure this contribution. This measure…
Over the past two decades the field of computational science and engineering (CSE) has penetrated both basic and applied research in academia, industry, and laboratories to advance discovery, optimize systems, support decision-makers, and…
The fourth industrial revolution is rapidly changing the manufacturing landscape. Due to the growing research and fast evolution in this field, no clear definitions of these concepts yet exist. This work provides a clear description of…
We model a dynamic data economy with fully endogenous growth where agents generate data from consumption and share them with innovation and production firms. Different from other productive factors such as labor or capital, data are…
The Fourth Industrial Revolution, ushered by the deeper integration of digital technologies into professional and social spaces, provides an opportunity to meaningfully serve society. Humans have tremendous capability to innovatively…
We studied the research performance of 69 countries by considering two different types of new knowledge: incremental (normal) and fundamental (radical). In principle, these two types of new knowledge should be assessed at two very different…
This work bridges the technical concepts underlying distributed computing and blockchain technologies with their profound socioeconomic and sociopolitical implications, particularly on academic research and the healthcare industry. Several…
The fierce market competition has put pressure on organizations leveraging their value chains. The continuous development in strategic technologies such as Artificial Intelligence (AI) has pushed organizations to continuously acquire new…
Firms' positions in innovation networks determine their access to external knowledge, yet how these positions shape technological search behavior and influence productivity remains underexplored. We propose that central network positions…
Research and development (R&D) of countries play a major role in a long-term development of the economy. We measure the R&D efficiency of all 28 member countries of the European Union in the years 2008--2014. Super-efficient data…
Although the computer science community successfully harnessed exponential increases in computer performance to drive societal and economic change, the exponential growth in publications is proving harder to accommodate. To gain a deeper…