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In the present paper we address the relationship between the extentof business ownership (self-employment) and economic development. We will focusupon three issues. First, how is the equilibrium rate of business ownershiprelated to the stage of economic development? Second, what is the speed...
Persistent link: https://www.econbiz.de/10011256131
This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...
Persistent link: https://www.econbiz.de/10011255597
, which only holds in the long-term but not in the short-term. Further, we find support for a moderating effect of innovation … in the long-term, innovation mediates the ESP-CFP relationship suggesting that innovation should be considered as a long …
Persistent link: https://www.econbiz.de/10011256662
series of detailed regional facilitating and driving factors related, inter alia, to talent, innovation, skills, networks …
Persistent link: https://www.econbiz.de/10011255701
To achieve sustainable economic growth in transition countries, it is crucial that enterpriseperformance is improved. However, it is not a priori clear which factors are essential for this. ForRussia, data to investigate the potential determinants of enterprise performance is scarce.Therefore,...
Persistent link: https://www.econbiz.de/10011256633
In recent decades there have been an enormous number of studies about innovation systems, partly inspired by a great … development strategies. Despite different perspectives, most studies highlight knowledge creation and innovation as the major … drivers of change and growth. This consensus disappears, however, as soon as the complexity of innovation and knowledge are …
Persistent link: https://www.econbiz.de/10011256132
This study analyses 1400 research projects of the top 20 R&D-spending pharmaceuticals to identify the determinants of successful research projects. We provide clear evidence that externally sourced projects and projects involving biotechnologies perform better than internal projects and chemical...
Persistent link: https://www.econbiz.de/10011256608
One of the drivers of green consumerism are social network externalities that are associated with buying 'green' because green consumerism is fashionable, or because of reputation effects. We analyze how the strength of this social network effect impacts green consumerism, environmental...
Persistent link: https://www.econbiz.de/10011255880
We analyze resource extraction in a political economy setting by introducing a political leader who optimizes both his own and the society's welfare function. We find that accounting for the private utility of a political elite, its higher discount rate and a different time horizon generally...
Persistent link: https://www.econbiz.de/10011256563
This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...
Persistent link: https://www.econbiz.de/10011256890