Related papers: FDI versus R\&D in an endogenous growth model
While numerous studies have explored the field of research and development (R&D) landscaping, the preponderance of these investigations has emphasized predictive analysis based on R&D outcomes, specifically patents, and academic literature.…
Research with AI and ML technologies lives in a variety of settings with often asynchronous goals and timelines: academic labs and government organizations pursue open-ended research focusing on discoveries with long-term value, while…
This paper presents an analysis of Green Gross Domestic Product (GGDP) using the System of Environmental-Economic Accounting (SEEA) model to evaluate its impact on global climate mitigation and economic health. GGDP is proposed as a…
The Fourth Industrial Revolution commonly refers to the accelerating technological transformation that has been taking place in the 21st century. Economic growth theories which treat the accumulation of knowledge and its effect on…
Our work investigates the economic efficiency of the prevailing "ladder-step" investment strategy in oil and gas exploration, which advocates for the incremental acquisition of geological information throughout the project lifecycle. By…
Artificial Intelligence and Machine Learning have become transformative to a number of industries, and as such many industries need for AI talent is increasing the demand for individuals with these skills. This continues to exacerbate the…
This article introduces the concept of the 'dual footprint' as a heuristic device to capture the commonalities and interdependencies between the different impacts of artificial intelligence (AI) on the natural and social surroundings that…
We demonstrate by mathematical analysis and systematic computer simulations that redistribution can lead to sustainable growth in a society. The human capital dynamics of each agent is described by a stochastic multiplicative process which,…
This empirical study investigates the impact of the Hofstede cultural dimensions (HCD) on the Global Innovation Index (GII) scores in four different years (2007, 2009, 2019 and 2021) to compare the impacts during the pre- and post-crisis…
Identifying and then implementing an effective response to disruptive new AI technologies is enormously challenging for any business looking to integrate AI into their operations, as well as regulators looking to leverage AI-related…
We discuss, at the macro-level of nations, the contribution of research funding and rate of international collaboration to research performance, with important implications for the science of science policy. In particular, we…
Endogenous, ideas-led, growth theory and agent based modelling with neighbourhood effects literature are crossed. In an economic overlapping generations framework, it is shown how social interactions and neighbourhood effects are of vital…
Can trade integration induce product innovation? I document that countries that joined the European Union (EU) started producing more product varieties, investing more in R&D, and trading more compared to candidate countries that did not…
State-of-the-art convolutional neural networks (CNNs) yield record-breaking predictive performance, yet at the cost of high-energy-consumption inference, that prohibits their widely deployments in resource-constrained Internet of Things…
The transient fluctuation of the prosperity of firms in a network economy is investigated with an abstract stochastic model. The model describes the profit which firms make when they sell materials to a firm which produces a product and the…
Autonomous agents optimize the reward function we give them. What they don't know is how hard it is for us to design a reward function that actually captures what we want. When designing the reward, we might think of some specific training…
Successfully integrating newcomers into native communities has become a key issue for policy makers, as the growing number of migrants has brought cultural diversity, new skills, and at times, societal tensions to receiving countries. We…
This study investigates the controversial role of Intellectual Property Rights (IPRs) in climate technology transfer and innovation in developing countries. Using a systematic literature review and expert interviews, we assess the role of…
India is now among the major knowledge producers of the world, ranking among the top 5 countries in total research output, as per some recent reports. The institutional setup for Research & Development (R&D) in India comprises a diverse set…
Difference-in-Differences (DID) research designs usually rely on variation of treatment timing such that, after making an appropriate parallel trends assumption, one can identify, estimate, and make inference about causal effects. In…