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such applications, a key role is played by complementarities in the process of innovation. …
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A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
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external knowledge acquisition are complementary innovation activities, but that the degree of complementarity is sensitive to … existence of complementarity. We use our empirical methodology to analyze complementarity between innovation activities …: internal research and development (R& D) and external knowledge acquisition. Our results suggest that internal R& D and …
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Successful innovation depends on the development and integration of new knowledge in the innovation process. In order … to innovate successfully, the firm will combine different innovation activities. In addition to doing own research and … development, firms typically are engaged in the acquisition of knowledge on the technology market and cooperate actively in R …
Persistent link: https://www.econbiz.de/10005667033
innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …
Persistent link: https://www.econbiz.de/10005789082
We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R&D, or alternatively, by trying to imitate other firms’...
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