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(innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … and to financial constraints imposed by capital markets, both of which are hostile to innovation. …
Persistent link: https://www.econbiz.de/10010818343
No abstract.
Persistent link: https://www.econbiz.de/10010818375
No abstract.
Persistent link: https://www.econbiz.de/10010818379
of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … economy. We argue that the latter area has been overlooked in the policy discussion and that a coherent innovation policy …
Persistent link: https://www.econbiz.de/10011118578
The Swedish economy has developed rapidly since the mid-1990s relative to most comparable countries, in particular relative to almost all other EU-15 countries. We investigate two policy areas that are believed to have been important for the strong economic development in Sweden during the last...
Persistent link: https://www.econbiz.de/10010729195
No abstract.
Persistent link: https://www.econbiz.de/10010818376
No abstract.
Persistent link: https://www.econbiz.de/10010818437
Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will choose more risky projects than incumbents, aiming to reduce their high expected marginal commercialization cost. However, entrepreneurs may select too safe projects from a social...
Persistent link: https://www.econbiz.de/10010818447
Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process. Stable and sustained long-term growth in output...
Persistent link: https://www.econbiz.de/10010818448
No abstract.
Persistent link: https://www.econbiz.de/10010818530