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The Long-Run Evolution of Infrastructure Services
Goldsmith, Hugh - 2014
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …
Persistent link: https://www.econbiz.de/10013043210
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Timing of Technology Adoption and Product Market Competition
Milliou, Chrysovalantou; Petrakis, Emmanuel - 2021
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10013316352
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Adopt or Innovate : Understanding Technological Responses to Cap-and-Trade
Calel, Raphael - 2018
Environmental regulations have consistently been found to spur innovation in ‘clean' technologies, with one significant exception. Past cap-and-trade programs have encouraged adoption of existing pollution control technologies, but had little effect on innovation. Several explanations have...
Persistent link: https://www.econbiz.de/10012925254
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Government Decentralization and International Government Performance
Goel, Rajeev K. - 2016
Adding to the literature on the effects of government decentralization, this paper uses a large sample of individual … study the relative influences of different types of decentralization, including fiscal decentralization, administrative … decentralization, federalism, and aggregate decentralization. Our results show that fiscal and administrative decentralization are …
Persistent link: https://www.econbiz.de/10012984565
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Broadband Infrastructure and Economic Growth
Czernich, Nina - 2012
We estimate the effect of broadband infrastructure, which enables high-speed internet, on economic growth in the panel …
Persistent link: https://www.econbiz.de/10013116573
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The Extension of Clusters : Difference-in-Differences Evidence from the Bavarian State-Wide Cluster Policy
Falck, Oliver; Heblich, Stephan; Kipar, Stefan - 2021
If one cluster increases local competitiveness, can politicians, by interlinking clusters, achieve an even better effect at the state level? To answer this question, the paper analyzes the "Cluster Initiative" introduced in 1999 by the Bavarian State Government. The purpose of the initiative was...
Persistent link: https://www.econbiz.de/10013316445
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Entrepreneurial Innovations and Taxation
Haufler, Andreas - 2014
In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...
Persistent link: https://www.econbiz.de/10013067942
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Lisbon Agenda, Regional Innovation System and the New EU Cohesion Policy
Nam, Chang Woon; Schoenberg, Alina; Wamser, Georg - 2021
The EU’s cohesion policy should now be confluent with the goals of the Lisbon strategy by promoting growth and employment. In this context, the promotion of a concept called regional innovation system has recently become important in the EU for guaranteeing long-term regional economic growth....
Persistent link: https://www.econbiz.de/10013315973
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Financial Constraints and Other Obstacles : Are They a Threat to Innovation Activity?
Mohnen, Pierre; Palm, Franz C.; van der Loeff, Sybrand Schim - 2021
In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms' decision to abandon, prematurely stop, seriously slow down,...
Persistent link: https://www.econbiz.de/10013316602
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Complementarity of Innovation Policies in the Brazilian Industry : An Econometric Study
Strube, Eduardo - 2013
The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry in 2003. The paper considers the approach advanced by Mohnen and and Röller [European Economic Review, 2005] that focuses on supermodularity and submodularity tests for...
Persistent link: https://www.econbiz.de/10013095629