Showing 1 - 10 of 22
This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We develop an endogenous growth model with quality-improving innovation that incorporates industries with heterogeneous innovation sizes. Government demand in high-tech industries...
Persistent link: https://www.econbiz.de/10009291506
This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy's rate of technological change. We incorporate results of...
Persistent link: https://www.econbiz.de/10008457975
Whereas initially physical capital and later, knowledge capital were viewed as crucial for growth, more recently a very different factor, entrepreneurship capital, has emerged as a driving force of economic growth. In this paper, we define a region's capacity to create new firms start-ups as the...
Persistent link: https://www.econbiz.de/10005032008
(EMU), depending on the individual state of convergence of the accession candidates. As a political rather than an economic … decision on EMU enlargement is not beyond imagination, we argue that institutional convergence, in particular central bank … convergence, as it indicates an appropriate policy assignment and thereby fosters real and nominal convergence. The paper starts …
Persistent link: https://www.econbiz.de/10005786026
Persistent link: https://www.econbiz.de/10011558140
A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...
Persistent link: https://www.econbiz.de/10005090542
This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions of entrepreneurs...
Persistent link: https://www.econbiz.de/10005090525
This paper analyses the hypothesis that the robust relationship between trust - as measured by the World Values Survey's question "In general, do you think that most people can be trusted, or that you can't be too careful in dealing with people?" - and economic growth, established by empirical...
Persistent link: https://www.econbiz.de/10008690481
We investigate the effects that regional start-up activity has on employment in new and in incumbent businesses. The analysis is performed for West German regions over the 1987-2002 period. It shows that the effects of new businesses on employment in the incumbents are significantly positive and...
Persistent link: https://www.econbiz.de/10008509216
The aim of this paper is to test how geographical and technological proximity relate to a particular industry's innovative output. Two mechanisms are therefore tested, i.e. agglomeration economies and the regional exploitation of technological proximity. A new dataset is applied, which includes...
Persistent link: https://www.econbiz.de/10008511321