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This study explores the macroeconomics effects of labor unions in a two-country model of directed technical change in which the market size of each country determines the incentives for innovation. We find that an increase in the bargaining power of a wage-oriented union leads to a decrease in...
Persistent link: https://www.econbiz.de/10011201788
This paper investigates the theoretical and empirical foundations of the links between inclusive institutions, innovation and economic growth. Its first contribution to the literature is to provide a non-scale R&D-based growth model incorporating negative externalities linked to low...
Persistent link: https://www.econbiz.de/10011111677
Economists have a long argue that political process such as democracy and corruption are important for economic growth. Our objective in this paper is to demonstrate that one of democracy's indirect posititive effects is its ability to mitigate the negative effect of corruption on economic...
Persistent link: https://www.econbiz.de/10011107346
Economists have a long argue that institutions and implementation of good governance are important for economic growth. The main objective of this research is to demonstrate that one of positive institutions effects is its ability to mitigate the negative effect of economic vulnerability linked...
Persistent link: https://www.econbiz.de/10011112521
In December 2007, the Institute for the Economy in Transition (IET) carried out a survey of Russian industrial enterprises to identify their perceived constraints to successful economic development. Senior managers of enterprises were asked to answer 2 groups of questions and to assess: 1)...
Persistent link: https://www.econbiz.de/10005789292
Science and Technology Parks (STPs) are one of the most important regional innovation policy initiatives. Previous studies show that location in a Park promotes cooperation for innovation but have not investigated if they help to achieve better results from cooperation. We extend previous...
Persistent link: https://www.econbiz.de/10011259067
As at today, it is an indisputable fact that the climate is changing and there is a scientific consensus that the world is becoming a warmer place principally attributable to human activities. Regrettably, the physical impacts of future climate change on humans and the environment will include...
Persistent link: https://www.econbiz.de/10011259199
We construct a research and development (R&D) based endogenous growth model with exhaustible resources and investigate whether protection of intellectual property rights (IPR) can sustain perpetual growth. We show that relatively weak IPR protection is sufficient to sustain perpetual growth when...
Persistent link: https://www.econbiz.de/10011109558
This paper presents a somewhat novel theory of innovation in the economy wide setting. The starting point for this … theory is the creative destruction process at the firm and industry level. However, an extension to an economy wide setting … in which the theory leads is a complex interaction between state policies and market processes that influence the …
Persistent link: https://www.econbiz.de/10005837209
We study the role of institutional development as a causal mechanism of history affecting current economic performance. Several indicators capturing different dimensions of early development in 1500 AD are used to remove the endogenous component of the variations in institutions. These...
Persistent link: https://www.econbiz.de/10011108281