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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
Persistent link: https://www.econbiz.de/10000949987
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
As one of the world’s largest recipients of Foreign Direct Investment (FDI), China is emerging as a key global player …
Persistent link: https://www.econbiz.de/10005419496
-level in Swedish manufacturing. The only variable that consistently affects total factor productivity is own investment in R&D. …
Persistent link: https://www.econbiz.de/10005207055
Since the mid 1990s labor productivity growth in Sweden has been high compared to Japan, the US and the western EU …-countries. While productivity growth has been rapid in manufacturing, it has been much slower in the service sector. Paradoxically, all … investment accounted for almost 30 percent of labor productivity growth in manufacturing. Thus, investments in intangibles that …
Persistent link: https://www.econbiz.de/10008865948
External financing is important when inventors and small technology-based firms wish to commercialize their inventions. However, it is likely that problems related to adverse selection and moral hazard are present, and market failures occur, since inventors know more about the inventions than do...
Persistent link: https://www.econbiz.de/10005419541