Showing 1 - 10 of 74
opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature …Contemporary theories of entrepreneurship generally focus on the decision-making context of the individual. The …
Persistent link: https://www.econbiz.de/10005067475
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … entrepreneurship as a mechanism that reduces the knowledge filter. A cross-country regression analysis over the period 1981 …
Persistent link: https://www.econbiz.de/10005504210
knowledge. Three long-term outcomes emerge. First, a "Secularization" or "Western-European" regime with declining religiosity …, unimpeded science, a passive Church and high levels of taxes and transfers. Second, a "Theocratic" regime with knowledge …
Persistent link: https://www.econbiz.de/10011262883
mechanism, we develop a theory of an economy where firms with heterogeneous demands use labor and knowledge to produce …. Entrepreneurs decide the number of layers of management and the knowledge and span of control of each agent. As a result, in the … theory, heterogeneity in demand leads to heterogeneity in productivity and other firms' outcomes. We use the theory to …
Persistent link: https://www.econbiz.de/10009246600
proportion of knowledge workers in employment, depending on the response of the overall demand for knowledge to the implied … reduction in the cost of acquiring it. In my model, knowledge (in a broad sense) is an input into the production function of … knowledge input in the production of human capital. An improvement in IT is modelled as an increase in the number of people who …
Persistent link: https://www.econbiz.de/10005791349
consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their …
Persistent link: https://www.econbiz.de/10005791875
This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has … of knowledge and technology in economic growth. …
Persistent link: https://www.econbiz.de/10005792232
This Paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global geography. The same economic forces influence simultaneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete...
Persistent link: https://www.econbiz.de/10005136721
Digital goods are bit strings, sequences of 0s and 1s, that have economic value. They are distinguished from other goods by five characteristics: digital goods are non-rival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...
Persistent link: https://www.econbiz.de/10005067419
We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro …, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …
Persistent link: https://www.econbiz.de/10005497933