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For Kaldor (1972), economic growth is the resultant of a chain-reaction between increases in supply and increases in demand. In order to show the interest of this view, I represent this growth process by an entrepreneurial growth model based on the principle of effective demand. The aggregate...
Persistent link: https://www.econbiz.de/10010708650
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belief in the innovation-boosting effect of product market deregulation such as taken into account in the Lisbon Strategy. …
Persistent link: https://www.econbiz.de/10010707541
This article contributes to the literature on competition and innovation. It tests the impact of market regulation on … innovation conditional to the closeness to the technological frontier with a panel of 15 industries for 17 OECD countries over … intensity with the proximity to the frontier. A simple model of innovation and growth shows that one should not necessarily …
Persistent link: https://www.econbiz.de/10010708354
Economic growth is seen here as the outcome of an entrepreneur-driven process of evolution in the context of an economy of competitive markets. In the course of this process the entrepreneurs implement capital and labour factors, one part of them committed to substitution and the other to...
Persistent link: https://www.econbiz.de/10010706385