Bettina Peters and Markus Trunschke

Author Archive | Bettina Peters and Markus Trunschke

working_paper_2021_49

Benefits of Investing into the Development of 4IR-Related Technologies

The Fourth Industrial Revolution (4IR) presents a major technology transformation towards a data-driven economy, associated with both high costs and potential benefits. We build and estimate a dynamic discrete technology choice model to explain a firm’s decisions to engage in the development of new 4IR and (or) non-4IR related technologies. The model takes the endogenous […]

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