Showing 1 - 10 of 20
underlying inventions – i.e., their ability to be transformed into something useful and thus constitute innovation. And this is …-think these approaches as ways to stimulate innovation in China. …
Persistent link: https://www.econbiz.de/10011258904
This paper analyzes the role of innovation activities in the export participation of Chinese high-tech firms during the … firm-level innovation efforts, measured by R&D and product innovation dummies, play only a minor role for domestic … exporters. Foreign-invested firms dominate the high-tech exports but do not rely on indigenous innovation activities. These …
Persistent link: https://www.econbiz.de/10009203610
The remarkable influx of Chinese migrant entrepreneurs in different West African countries in recent years has been met with growing resistance by established local entrepreneurs. Whether the former have a competitive edge over the latter because of distinctive socio-cultural traits, or whether...
Persistent link: https://www.econbiz.de/10008568371
somewhat discourage building of quality patents and related innovation in China. …
Persistent link: https://www.econbiz.de/10011108770
already visible, other influences are beginning to be felt – arising from China’s coordination, innovation and financing power. …
Persistent link: https://www.econbiz.de/10011257939
Because Hayek’s view goes beyond the Walrasian framework, his descriptive arguments on socialist planned economies are prone to be misunderstood. This paper clarifies Hayek’s arguments by using them as a basis to construct a model of total factor productivity. The model shows that...
Persistent link: https://www.econbiz.de/10008855541
In this paper, the structural vector autoregressive (SVAR) model is used to analyze short-run and contemporaneous relationships between monetary aggregates and other macroeconomic variables. This requires imposing restrictions on the correlation structure of the VAR residuals. Different...
Persistent link: https://www.econbiz.de/10009620773
On the basis of a real high stakes insurance experiment with small probabilities of losses, we demonstrate that concern is a more important driver of WTP for insurance than subjective probability estimates when there is ambiguity surrounding the estimate. Concern is still important when...
Persistent link: https://www.econbiz.de/10009621421
In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round sixteen subjects make a choice between two options simultaneously. Then they...
Persistent link: https://www.econbiz.de/10009581106
Alternative modeling strategies for specifying subset VAR models are considered. It is shown that under certain conditions a testing procedure based on t-ratios is equivalent to sequentially eliminating lags that lead to the largest improvement in a prespecified model selection criterion. A...
Persistent link: https://www.econbiz.de/10009583885