Showing 1 - 10 of 74
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
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
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
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
surplus from his production. At any time, the novice can leave the relationship with his acquired knowledge and produce on his … structured as an apprenticeship, in which all production generated during training is used to compensate the expert. Knowledge … transfer takes a simple form. In the first period, the expert gifts the novice a positive level of knowledge, which is …
Persistent link: https://www.econbiz.de/10011084551
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
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