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This paper is an exercise in comparative institutional analysis, asking what kinds of arrangements most facilitate innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may be particularly conducive to innovation, and...
Persistent link: https://www.econbiz.de/10013047034
It concludes by constructing a simple model in which knowledge flows slowly across national borders but moves easily within borders. We show there is a leadership-followership equilibrium, in which some countries are leaders, others are followers. Contrary to Solow's analysis, there need not be...
Persistent link: https://www.econbiz.de/10012458174
This paper analyzes the gradual shift in the technological paradigm of an economy as it approaches the world technology …. The transitional dynamics of the model shows that there exists a steady state distance from the world frontier that … a regime carrying out only imitation of world technologies …
Persistent link: https://www.econbiz.de/10014057383
Persistent link: https://www.econbiz.de/10003652334
mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when … research in entrepreneurship, strategy and economic growth …
Persistent link: https://www.econbiz.de/10014222898
explaining emergence and change of institutions. The institutional entrepreneurship approach faces this limitations and models …
Persistent link: https://www.econbiz.de/10012164715
Persistent link: https://www.econbiz.de/10002420480
Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies...
Persistent link: https://www.econbiz.de/10013271092
knowledge throughout the world explains a period of increasing world inequality after the take-off of the forerunners of the … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the … individual countries in the course of world development. …
Persistent link: https://www.econbiz.de/10011397182
country depends on its connections to the rest of the world and on the human capital of the countries it is exchanging … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It … generates a "Great Divergence", that is increasing world inequality after the take-off of the forerunners of the industrial …
Persistent link: https://www.econbiz.de/10010253459