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Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10011308423
This paper measures the productivity impact of management-led participative establishment practices. On the basis of a representative German establishment data set, the IAB establishment panel, the study finds that the presence of team-work, a reduction of hierarchies and autonomous work groups...
Persistent link: https://www.econbiz.de/10011448687
This paper analyses the relationship between past innovation output, competition, and future innovation input in a … results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively …&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment. -- Innovation ; R …
Persistent link: https://www.econbiz.de/10003979063
This paper studies an agent-based model that bridges Keynesian theories of demandgeneration and Schumpeterian theories of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the impact of public polices on supply, demand and the...
Persistent link: https://www.econbiz.de/10008729578
This paper empirically investigates complementarities between different sources of research funding with regard to academic publishing.We find for a sample of UK engineering academics that competitive funding is associated with an increase in ex-post publications but that industry funding...
Persistent link: https://www.econbiz.de/10010225536
In this work, we discuss how the rich academic milieu left by different Italian political economy traditions after WWII paved the way to the development of a new generation of macroeconomic agent-based models. The K+S (Dosi et al., 2010, 2016a), CATS (Delli Gatti et al., 2005, 2011) and EURACE...
Persistent link: https://www.econbiz.de/10011719245
' activities of search and innovation, while aggregate demand formation and distribution follows Keynesian dynamics. Interactions …
Persistent link: https://www.econbiz.de/10012214801
In this paper we present a multi-country, multi-industry agent-based model investigating the different growth patterns of interdependent economies. Each country features a Schumpeterian engine of endogenous technical change which interacts with Keyneasian/Kaldorian demand generation mechanisms....
Persistent link: https://www.econbiz.de/10011763040
innovation and change. While much has been written on major discontinuities associated, for instance, with the rise of new …
Persistent link: https://www.econbiz.de/10013277440
This work presents the evolutionary growth theory, which studies the drivers and patterns of technological change and production together with the (imperfect) mechanisms of coordination among a multitude of firms. This requires to studies economies as complex evolving systems, i.e. as ecologies...
Persistent link: https://www.econbiz.de/10014464394