innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

? Introducing the ‘innovation paradox’ as the main challenge to the West and the notion of ‘knowledge democracy’ as key to … Democracy, Innovation and Economic Efficiency -- Chapter 5: Knowledge Democracy as Key to the Twenty-First Century …). It is a vital reading for all those questioning what kind of democracy positively impacts innovation as the force whose …

. However, the key determinant of their efficacy is the quality and quantity of entrepreneurship-enabled innovation that unlocks … advantage and prosperity. In this volume, the authors define the terms and principles of knowledge creation, diffusion, and use … which government, academia, industry, and civil society are seen as key actors promoting a democratic approach to innovation …

Knowledge Clusters -- Embracing Business Ecosystems to Enable Sustainable and Accelerated Innovation -- Corporate Management of … intricate relationships among knowledge generation, innovation, new business creation, and the institutions that support them …Knowledge -- Scenario Setting -- Foundation Laws of Knowledge Dynamics -- The Knowledge Value Chain -- Industry and …

integrates the understanding of the determinants and the effects of entrepreneurship and innovation without neglecting the …

substan-tial net advantages of agglomeration have more to do with broad knowledge and diversity than with regional clustering …