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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10005703394
The impact of wage increases on job satisfaction is explored theoretically and empirically. To do this, we apply a utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can influence their wages by exerting effort, myopic utility...
Persistent link: https://www.econbiz.de/10005822174
research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …
Persistent link: https://www.econbiz.de/10010556213
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10010670827
effect which becomes more pronounced when we account for the endogeneity of innovation. This is the case for three different … count measures of innovation – a global measure of innovation and measures for labour innovations and capital innovations …
Persistent link: https://www.econbiz.de/10010745414
data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regional …
Persistent link: https://www.econbiz.de/10009003950
factors which may condition economic growth, such as innovation, migration, and the local 'social filter', taking also into … account the geographical component of intervention in transport infrastructure and innovation. The results of the two … filter', good innovation capacity, both in the region and in neighbouring areas, and a region's capacity to attract migrants …
Persistent link: https://www.econbiz.de/10011126112
Research on the impact of innovation on regional economic performance in Europe has fundamentally followed three …) the study of the existence and efficiency of regional innovation systems; and (3) the examination of the geographical … literature by combining in one model R&D, spillovers, and innovation systems approaches. A multiple regression analysis is …
Persistent link: https://www.econbiz.de/10011071557
Nearly all workers have a supervisor or 'boss'. Yet there is almost no published research by economists into how bosses affect the quality of employees' lives. This study offers some of the first formal evidence. First, it is shown that a boss's technical competence is the single strongest...
Persistent link: https://www.econbiz.de/10010959573