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We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
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dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
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In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
Persistent link: https://www.econbiz.de/10014023785
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based … institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory …
Persistent link: https://www.econbiz.de/10010869049
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based … institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory …
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