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their inward looking or exploitationʺ attitude in R&D and innovation. We argue that because of sunk costs and learning …. Among other things, this suggests that explorationʺ, which leads to the opening of new innovation trajectories, requires not …
Persistent link: https://www.econbiz.de/10003211779
-organisational configurations of these factories confirm that this wave of technological innovation is far from leading to total automation or the …
Persistent link: https://www.econbiz.de/10012655000
"Learning-by-doing" is usually identified as a process whereby performance increases with experience in production. The paper investigates different patterns of "learning by doing", studying learning curves at product level. Cost-quantity relationships differ a lot across products belonging to...
Persistent link: https://www.econbiz.de/10011489996
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057
This paper discusses, first, the properties of scientific and technological knowledge and the institutions supporting its generation and its economic applications. The evidence continues to support the broad interpretation which we call the ʺStanford-Yale-Sussexʺ synthesis. Second, such...
Persistent link: https://www.econbiz.de/10003209434
Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low productivity levels that emerging countries reveal, the accumulation of productive capabilities and a narrower dispersion across sectors would enable emerging countries to...
Persistent link: https://www.econbiz.de/10013465158
appear to be vast differences in the organizational practices leading to more innovation both between small and large firms …, and between the firms that operate in high- and low-tech industries. While innovation in small firms benefits from the … incentive for innovation among the sampled companies seems to be the ownership of a firm’s stocks by employees and/or managers …
Persistent link: https://www.econbiz.de/10008732430
This position paper outlines the characteristics of the trends at stake in affecting the twin transition in the European automotive industry, and the political economy of the actors behind such transition. We first describe the automation and digitalization processes in the automotive sector and...
Persistent link: https://www.econbiz.de/10014393142
The diffusion of digital technologies and their impact on employment and skills is investigated inthis article considering six major European countries (Germany, France, Spain, Italy, the Netherlands and the United Kingdom) and 42 manufacturing and service industriesover the 2009-2014 period. We...
Persistent link: https://www.econbiz.de/10012123474
except managers experience job losses that are mainly driven by the introduction of process innovation. In services, a … hold. During the downswing most established links break down; in particular, product innovation loses its positive impact …
Persistent link: https://www.econbiz.de/10011390045