Showing 1 - 4 of 4
We apply theories of capital market failure to ana1yze
Persistent link: https://www.econbiz.de/10005209498
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10005137104
creation of new ideas, knowledge spillovers, entrepreneurship, and economic growth. In this paper we measure the impact of the … data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …
Persistent link: https://www.econbiz.de/10009201123
Innovation and technological change are central to the quest for regional development. In the globally …-connected knowledge-driven economy, the relevance of agglomeration forces that rely on proximity continues to increase, paradoxically … structure characterised by its extent of specialisation, competition and diversity, to yield innovation and productivity growth …
Persistent link: https://www.econbiz.de/10005450786