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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 …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regio nal …
Persistent link: https://www.econbiz.de/10010326368
research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …
Persistent link: https://www.econbiz.de/10010331415
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10010277206
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10010289359
Australia during the period from 1980 to 2012. The study uses the autoregressive distributed lag (ARDL) bounds testing approach … development indices to measure the level of financial sector development in Australia. These indices were computed using the means … impact on economic growth in Australia, market-based financial development has no significant impact on economic growth, both …
Persistent link: https://www.econbiz.de/10011659883
innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skillintensive …
Persistent link: https://www.econbiz.de/10010292939
explicity on innovation as an economic activity with different economic causes and effects, this article tries to open the door …
Persistent link: https://www.econbiz.de/10010301329
accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …
Persistent link: https://www.econbiz.de/10010301336
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011306647
Entrepreneurs are a rare species. Even in innovation-driven economies, only 1–2% of the work force starts a business in …. The gains of entrepreneurship are only realized, however, if the business environment is receptive to innovation. In …
Persistent link: https://www.econbiz.de/10011404831