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We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010293106
start-up entrepreneurship. In this light I (i) show why manufacturing is vital for African economies, (ii) critically … Africa; (iii) describe the resurgence of technological start-up entrepreneurship in Africa and (iv) call for policy support …
Persistent link: https://www.econbiz.de/10011984501
could do more to promote entrepreneurship; to diversify and grow manufacturing export markets through focused trade …
Persistent link: https://www.econbiz.de/10012005842
entrepreneurship, and contrast this with the post-World War II period. This latter period, although it contained the German economic … locked into incremental innovation, (ii) the diffusion of technology is slowing down, (iii) the education system is subject … to weaknesses, and (iv) entrepreneurship is stagnating. Implications for policy are noted. Our paper contributes to the …
Persistent link: https://www.econbiz.de/10013426456
Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth. Fearing that this declining impact would undermine...
Persistent link: https://www.econbiz.de/10011816466
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010319535
"resurgent entrepreneurship-lead industrialization" denoting that some African countries will take part in new and advanced types … of manufacturing, through indigenous entrepreneurs starting high-technology firms. This third variety is elaborated with …
Persistent link: https://www.econbiz.de/10012141313
technology, (iii) weaknesses in the education system, and (iv) entrepreneurial stagnation. Implications for policy are noted. Our …
Persistent link: https://www.econbiz.de/10012498055
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010884080
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010791525