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Demography and Innovative Entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - Max-Planck-Institut für Ökonomik <Jena> - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

Persistent link: https://www.econbiz.de/10005864516

Innovation Networks of High Tech SMES: Creation of Knowledge but no Creation of Value

Winters, Rob; Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2007

This paper analyses the effects of innovation networks on product and pro-cess innovation and sales growth of high … technology SMEs. Innovation net-works are positively related to both product and process innovation, i.e. know-ledge creation …. One exception is the negative effect of innovation networks with suppliers on product innovation. Older SMEs are more …

Persistent link: https://www.econbiz.de/10005864581

Penetrating the Knowledge Filter in "Rust Belt" Economies

Ács, Zoltán; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2008

A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...

Persistent link: https://www.econbiz.de/10005864503

Penetrating the Knowledge Filter in the Rust Belt

Acs, Zoltán J.; Plummer, Lawrence A.; Sutter, Ryan - Max-Planck-Institut für Ökonomik <Jena> - 2007

A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...

Persistent link: https://www.econbiz.de/10005864529

Can Labor Regulation Hinder Economic Performance? Evidence from India

Besley, Timothy; Burgess, Robin - London School of Economics and Political Science

This paper investigates whether the industrial relations climate inIndian states has affected the pattern of manufacturing growthin the period 1958-92. We show that states which ammendedthe Industrial Disputes Act in a pro-worker direction experiencedlowered output, employment, investment and...

Persistent link: https://www.econbiz.de/10009248840

Price Hedonics: A Critical Review

Hulten, Charles R. - University of Maryland <College Park, Md.> / Department … - 2003

[...]These political considerations may seem tangential to thesubject of price hedonics, but the events following fromGreenspan’s remark have linked the two issues. First, theSenate Finance Committee consulted a panel of experts, andthat panel reached a consensus supporting...

Persistent link: https://www.econbiz.de/10005869765

Design Issues in the Implementation of Inflation Targets

Mishkin, Frederic S.; Posen, Adam Simon - Federal Reserve Bank <New York, NY> - 1997

[...]In the case studies that follow, we will see that thedesign choices for an inflation-targeting regime fall intofour basic categories: definition and measurement of thetarget, transparency, flexibility, and timing.[...]

Persistent link: https://www.econbiz.de/10005870227

The Economic History of Sovereignty: Communal Responsibility, the Extended Family, and the Firm

Börner, Lars; Ritsch, Albrecht - Institut für Empirische Wirtschaftsforschung <Zürich>; … - 2008

Economic institutions encompassing increasingly sophisticated concepts of risk-sharing and liability flourished in Europe since the High Middle Ages. These innovations occurred in an environment of fragmented local jurisdictions, not within the framework of the territorial state. In this short...

Persistent link: https://www.econbiz.de/10005870503

Quantifying the Contribution of Technological Change to Economic Growth in Different Eras: A Review of the Evidence

Crafts, Nicholas F. R. - London School of Economics and Political Science - 2003

Most economic historians would surely endorse Paul Romer's view expressed above that technological progress lies at the heart of long run economic growth. Long ago Kuznets identified the epoch of 'modern economic growth' as one where growth came to be driven by scientific and technological...

Persistent link: https://www.econbiz.de/10005870592

Competition and Innovation in 1950’s Britain

Broadberry, Stephen N.; Crafts, Nicholas F. R. - London School of Economics and Political Science - 2000

We find little support for the Schumpeterian hypothesis of a positiverelationship between market power and innovation … viewed as arisinglargely from the difficulties of reaping the benefits of innovation rather thanfrom a failure to innovate …

Persistent link: https://www.econbiz.de/10005870753