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Because Hayek’s view goes beyond the Walrasian framework, his descriptive arguments on socialist planned economies are prone to be misunderstood. This paper clarifies Hayek’s arguments by using them as a basis to construct a model of total factor productivity. The model shows that...
Persistent link: https://www.econbiz.de/10008855541
In this paper, a theory of total factor productivity (TFP) that incorporates a model of intelligence is formulated and described. In particular, the fluid intelligence of ordinary workers is emphasized as an important element in TFP because such workers have the intelligence to innovate, even...
Persistent link: https://www.econbiz.de/10011259766
to R&D activities. Finally conclude that innovation cannot be successful unless the knowledge and information in the R …Innovation plays a central role in economic development, at regional and national level. In the competitive environment … achieve innovations of high quality. Depending on the type of industry, the type of business, the type of innovation and the …
Persistent link: https://www.econbiz.de/10008753054
Innovation is becoming the most important key issue for company's success in the 21st century. In the competitive … accepted that innovation can be better achieved by working in team particularly in the virtual environments. The employed web … findings. Virtual teams base on information technology are formed to facilitate transnational innovation processes and it …
Persistent link: https://www.econbiz.de/10008753083
relationship to R&D activities. Finally conclude that innovation cannot be successful, unless the knowledge and information in the …Innovation plays a central role in economic development, at the regional and national level. In the competitive … innovation and the strategic objectives that have been set, firms will regularly have to modify the way in which their R&D and …
Persistent link: https://www.econbiz.de/10008777361
uses the Schumpeterian model of innovation-diffusion as a framework for the study of "why growth rates differ" between …. Chapter 4, which focuses on the relation between innovation-diffusion, structural changes in world trade and export … material to discuss the implications of innovation-diffusion for changes in specialization patterns/intra-industry trade. The …
Persistent link: https://www.econbiz.de/10011108987
This paper reports on a desk-study on innovation performance and policies influencing it in four Nordic countries. The … contains a descriptive analysis of innovation activities in the Nordic area and a broader set of countries with which the … Nordic countries may be compared with the help of data from the Community Innovation Survey (CIS) and other relevant sources …
Persistent link: https://www.econbiz.de/10011109340