Showing 1 - 10 of 41
convergence period during which growth in the Portuguese economy accelerated and Portugal grew faster than the EU14 average; and a …, with Portugal falling behind relative to the EU14 in recent years as far as the former are concerned. In order to better … empirical model where innovation and imitation provide two potential sources of productivity growth for countries behind the …
Persistent link: https://www.econbiz.de/10010633424
Even though innovation subsidies and financial constraints are two closely related lines of research, the link between … them is rather unexplored. This paper is, to our knowledge, the first to explicitly analyse both the allocation of … innovation subsidies and their role in alleviating firms’ financial constraints. It is not the purpose of the paper to question …
Persistent link: https://www.econbiz.de/10010615169
This paper broadly addresses the financing problems of the innovation process, by analysing the extent to which … financial constraints hinder firms' investment in R&D and innovation, as well as investigating the role of public financial … perverse effect upon R&D investment and innovation, there is no evidence that subsidies mitigate such constraints. Accordingly …
Persistent link: https://www.econbiz.de/10009132179
The current research emphasis on institutions as key determinants of economic performance, rather than on resources and resource productivity, has uncovered important questions for further research. For example, if institutions are central to economic performance, then what explains observed...
Persistent link: https://www.econbiz.de/10005125631
Institutions either promote or constrain economic performance, but which parts of institutions advance or restrict performance, and why do economies sharing similar institutions sometimes perform differently? This paper is a modest attempt at addressing a small part of these questions. It...
Persistent link: https://www.econbiz.de/10005125690
This paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong...
Persistent link: https://www.econbiz.de/10005118791
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the countries of the Iberian Peninsula, neutral in the conflict and ruled by dictatorial regimes, enjoyed that growth and had participated in the convergence phenomenon, Ireland,...
Persistent link: https://www.econbiz.de/10005076554
Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...
Persistent link: https://www.econbiz.de/10005076618
European housing systems - Portugal, Spain, Italy and Greece Œ under the assumption that they had a different path other than …
Persistent link: https://www.econbiz.de/10005076780
Financial constraints are a key determinant that hinders firms' ability to export. This paper analyses the nexus between these constraints and firms' engagement in international trade, as well as it explores the impact of the European monetary integration process upon firms' financial...
Persistent link: https://www.econbiz.de/10009225961