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The offshoring of manufacturing has been the most visible ingredient of economic globalization in recent years. However, the rapid change in the global division of manufacturing has overshadowed another and perhaps even more significant phenomena namely the internationalization of the R&D and...
Persistent link: https://www.econbiz.de/10005749357
We compare different tax incentive schemes for private R&D investments using a numerical model of R&D-investments and firm dynamics. We find that tax incentives that are based on the incremental annual spending increase firms' R&D spending much more than tax incentives that are based on the...
Persistent link: https://www.econbiz.de/10005749361
Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments … that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments …. We then build a simple model where firms’ innovation activities and firm risk are interrelated. We use the model to …
Persistent link: https://www.econbiz.de/10010987122
Persistent link: https://www.econbiz.de/10005749376
Nanotechnology has been touted as a general purpose technology (GPT) and engine of growth for the 21th century, following in the footsteps of ICT. Nanotechnology is still in an early phase of development, it is scientist driven and thus largely exogenous to the economy at present. In Finland the...
Persistent link: https://www.econbiz.de/10005749374
Nanotechnology has been proposed as the next general purpose technology and engine for growth for the 21th century. Increasing public R&D investments are foremost reflected in the growth of scientific publications, while nanotechnology still is in an uncertain phase of development with various...
Persistent link: https://www.econbiz.de/10005818407