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When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - Volkswirtschaft Abteilung, Fachbereich … - 2009

This paper argues that growth theory needs a more general notion of “regularity” than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set...

Persistent link: https://www.econbiz.de/10005004425

Structural Change and Business Cycles: An Evolutionary Approach

Lorentz, André; Savona, Maria - Volkswirtschaft Abteilung, Fachbereich … - 2010

The aim of this paper is to account for both the short-run fluctuations and the very-long run transformations induced by technological change in analysing long-run growth patterns. The paper investigates the possible imprint left by short-run fluctuations on the long run dynamics by affecting...

Persistent link: https://www.econbiz.de/10008784879

Evolutionary Micro-dynamics and Changes in the Economic Structure

Lorentz, André; Savona, Maria - Volkswirtschaft Abteilung, Fachbereich … - 2007

The paper aims to account for the empirical stylised facts related to changes in sectoral structures that have led to the growth of services in most advanced countries over recent decades. A growth model with evolutionary micro-founded structural change is developed, which formalises the role of...

Persistent link: https://www.econbiz.de/10005765349

Evolutionary Micro-founded Technical Change and The Kaldor-Verdoorn Law: Estimates from an Artificial World

Lorentz, André - Volkswirtschaft Abteilung, Fachbereich … - 2009

This paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations...

Persistent link: https://www.econbiz.de/10005824133

From here, from there, and from beyond: endogenous and exogenous factors triggering change along the cluster life cycle in a multi-scalar environment

Santner, Dominik; Fornahl, Dirk - Volkswirtschaft Abteilung, Fachbereich … - 2014

While explaining cluster internal impacts on cluster development, cluster life cycle theory fails to explain the influence of cluster external factors. Based on a multiscalar approach, this study investigates factors causing change within an agritech cluster applying a qualitative approach. Main...

Persistent link: https://www.econbiz.de/10010894447

Long-term Tendencies in Technological Creativity - A Preference-based Approach

Cordes, C. - Volkswirtschaft Abteilung, Fachbereich … - 2003

Given the significance of technology in the course of socio-economic evolution, the driving forces behind the continuous accretion of technological knowledge deserve particular attention. This paper suggests a hypothesis about the motivational underpinnings of human technological creativity that...

Persistent link: https://www.econbiz.de/10005765299

An Assessment of the Regional Innovation Policy by the European Union based on Bibliometrical Analysis

Werker, Claudia - Volkswirtschaft Abteilung, Fachbereich … - 2006

The Lisbon strategy for growth and jobs seeks to use knowledge and innovation in the context of the European Research … Area (ERA). To build the ERA the European Union (EU) implements – amongst others - regional innovation policy. Ample … scientific publications have investigated how innovation drives regional dynamics. Therefore, we assess the goals of European …

Persistent link: https://www.econbiz.de/10005765337

The Origins of Meso Economics - Schumpeter's Legacy

Dopfer, Kurt - Volkswirtschaft Abteilung, Fachbereich … - 2006

The paper unravels the subversive nature of Schumpeterâ€™s proposition that entrepreneurs carry out innovations (the micro level), that swarms of followers imitate them (meso) and that, as a consequence, 'creative destructionâ€™ leads to economic development 'from withinâ€™...

Persistent link: https://www.econbiz.de/10005765348

Is Academic Entrepreneurship Good or Bad for Science? Empirical Evidence from the Max Planck Society

Buenstorf, Guido - Volkswirtschaft Abteilung, Fachbereich … - 2006

Based on new data, this paper studies invention disclosure, licensing, and firm formation activities of Max Planck Institute directors over the time period 1985-2004, and analyzes their effects on scientists' publication and citation records. The results are consistent with prior findings that...

Persistent link: https://www.econbiz.de/10005824128

Micro-dynamics of knowledge: actors, processes and territorial organization

Strambach, Simone - Volkswirtschaft Abteilung, Fachbereich … - 2013

innovation biographies. …

Persistent link: https://www.econbiz.de/10011141159