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trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and …
Persistent link: https://www.econbiz.de/10005639328
The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger …
Persistent link: https://www.econbiz.de/10005670111
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
innovations have been introduced in the market. This paper applies a new method to identify innovations in patent databases by … forward citations. Further, successful innovations are most positively related to patent renewal. Based on the traditional … innovations can be predicted. The developed parameters may be used to identify innovations across sectors and regions in other …
Persistent link: https://www.econbiz.de/10011249390
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
industries. It addresses two questions. Has the free trade agreement between the EC and EFTA reinforced the disciplinary effect … competition of the free trade agreement, even though the disciplinary effect of imports originating from the less developed …
Persistent link: https://www.econbiz.de/10010818366
No abstract.
Persistent link: https://www.econbiz.de/10010818387
trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of … security. Since changes in security have terms of trade effects, some producers may be hurt by enhanced security. We show cases …
Persistent link: https://www.econbiz.de/10010818498
No abstract.
Persistent link: https://www.econbiz.de/10010818523
No abstract.
Persistent link: https://www.econbiz.de/10010818531