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Start-up growth is often treated as a stylised fact, despite an extensive research body composed of divergent theories and empirical findings. Against this background, this work contributes to the literature by analysing a hand-collected dataset of 2,951 EIF-backed VC start-ups. Section 2...
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This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …
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The global economy is currently experiencing a new wave of technological change involving new technologies, especially in the realm of artificial intelligence and robotics, but not limited to it. One key concern in this context is the consequences of these new technologies on the labour market....
Persistent link: https://www.econbiz.de/10012193762
India’s emergence in the world economy over the last decade, has often, in popular discourse, been attributed, at least to a large extent, to its sustained efforts towards technological learning and capacity building. In this paper we present an overview of India’s technological trajectory...
Persistent link: https://www.econbiz.de/10003781183
startups just to "kill" their ideas, and acquisitions can erode incumbents' own innovation incentives. Our paper aims to assess …. Our calibrated model implies that acquisitions raise the startup rate, but lower incumbents' own innovation as well as the …
Persistent link: https://www.econbiz.de/10013465631
inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …
Persistent link: https://www.econbiz.de/10012517949
traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …
Persistent link: https://www.econbiz.de/10012795165