Similar Search Results

Innovate to lead or innovate to prevail : when do monopolistic rents induce growth?

Piazza, Roberto; Zheng, Yu - 2019

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …

Persistent link: https://www.econbiz.de/10012155163

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

Persistent link: https://www.econbiz.de/10012517949

Tracing productivity growth channels in the UK

Garcia-Macia, Daniel; Korosteleva, Julia - 2021

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

The return of the policy that shall not be named : principles of industrial policy

Chérif, Réda; Hasanov, Fuad - 2019

Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...

Persistent link: https://www.econbiz.de/10012010001

Skill Acquisition and Firm Creation in Transition Economies

Li, Wenli - 1999

The transition from plan to market has hinged on the development of a dynamic private sector that would serve as the engine of growth and employment creation. This paper examines the link between the availability of skilled workers and the creation of new private firms. Using a dynamic search...

Persistent link: https://www.econbiz.de/10014400529

Bank Competition and Firm Creation

Dell'Ariccia, Giovanni - 2001

This paper investigates the empirical relationship between competition in the financial sector and the creation of firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However, consistent with theories of banking arguing that...

Persistent link: https://www.econbiz.de/10014403643

Are passive institutional investors engaged monitors or risk-averse owners? : both!

Yang, Yuanchen - 2021

portfolio strategy, on firms' innovation activities and innovation strategies. Relying on plausibly exogenous variation in … institutional ownership, while firms' countable innovation activities increase, they shift their innovation strategies by focusing … institutional investors through active votes could explain their positive effects on firms' innovation activities. Increasing risk …

Persistent link: https://www.econbiz.de/10012612334

Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model

Laxton, Douglas - 1998

This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...

Persistent link: https://www.econbiz.de/10014403417

Institutions, innovations, and Growth

Xu, Chenggang - 1999

The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...

Persistent link: https://www.econbiz.de/10014403467

Leadership contestability, monopolistic rents and growth

Piazza, Roberto - 2011

Persistent link: https://www.econbiz.de/10009486217

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