Showing 1 - 10 of 198
According to Schumpeter, the creative process of economic development can be divided into three distinguishable stages of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian entrepreneur to also include the inventor in the innovation...
Persistent link: https://www.econbiz.de/10005645420
The recent 'scientification' of commercial technology has brought the interface between universities and industry into sharp focus. In particular, academic entrepreneurship, i.e., the variety of ways in which academics take direct part in the commercialization of research, is widely discussed....
Persistent link: https://www.econbiz.de/10005419527
This study examines the determinants of technological innovation and its impact on firm labor productivity across six … technological advances, and those that innovate have greater labor productivity than those that do not. Yet firm-level determinants … productivity, however, highlight the importance of innovation in enabling firms to improve economic performance and catch up. …
Persistent link: https://www.econbiz.de/10008677811
The basic worldwide financial safety net architecture provides for a system of similar institutions: a lender of last resort, deposit insurance, and prudential regulation. In countries whose banking systems suffer seriously from negative capital positions and overbanking, such as in some Latin...
Persistent link: https://www.econbiz.de/10011543262
This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from "narrow banks" to broad "universal banks". Each banking structure is assessed in its...
Persistent link: https://www.econbiz.de/10011541581
Persistent link: https://www.econbiz.de/10013552074
Science & Technology (S&T) is high on the Chinese policy agenda but there are large uncertainties on the actual S&T development. For instance, previous studies tend to focus only on large and medium-sized enterprises (LMEs). The situation in Chinese small firms is far less explored. This paper...
Persistent link: https://www.econbiz.de/10005771084
innovation were found to be significant, promoting a non-negligible acceleration of labor productivity gains. However, the … respect to products on labor productivity. However, the degree of novelty of process innovation is significantly inferior to …
Persistent link: https://www.econbiz.de/10008598655