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Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10005042232
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10008838535
The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and Bayesian analysis in order to analyze to what degree violations of the strong validity assumption affect the...
Persistent link: https://www.econbiz.de/10008484065
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10005144510
creation of new ideas, knowledge spillovers, entrepreneurship, and economic growth. In this paper we measure the impact of the … data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …
Persistent link: https://www.econbiz.de/10009201123
The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
Persistent link: https://www.econbiz.de/10005137071
pharma should either build a critical mass of disease area knowledge or diversify projects over different DA’s in order to … obtain higher success probabilities. Projects in which a firm has built a critical mass of disease knowledge (through at … interpret this finding as knowledge spillovers from external to internal projects, as the limited number of external projects …
Persistent link: https://www.econbiz.de/10005137162
answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …
Persistent link: https://www.econbiz.de/10005137206
-technology industries and into new emerging knowledge-based industries. In other words, it involves innovation, industry evolution and their …The purpose of this paper is to introduce a series of articles on the links between innovation, the evolution of … Innovation, Industry Evolution and Employment published by Cambridge University Press in 1999. The continued rising unemployment …
Persistent link: https://www.econbiz.de/10005137219
, We show that, in presence of licensing, the incentive for innovation may also be stronger under decentralized unions …
Persistent link: https://www.econbiz.de/10005137228