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We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10011043182
Persistent link: https://www.econbiz.de/10005678893
to states of uncertainty be explicitly dealt with. We argue that ‘knowledge,’ because of the existence of uncertainty is … ‘energy gradients’ and ‘knowledge gradients’ as essential concepts in understanding economic emergence and resultant economic …
Persistent link: https://www.econbiz.de/10010576973
), including measures of R&D investment, proxies for regional innovation systems, and knowledge and socio-economic spillovers. This …Rodriguez-Pose A. and regstdcenzi R. Research and development, spillovers, innovation systems, and the genesis of … regional growth in Europe. Regional Studies. Research on the impact of innovation on regional economic performance in Europe …
Persistent link: https://www.econbiz.de/10008603609
This study aims to analyze the relationships between entrepreneurship, innovation and economic growth, and to show the … feedback effects in these relationships. A Schumpeterian approach considering three equations linking GDP, innovation, and …. The analysis shows that several factors have positive impacts on innovation and entrepreneurship, including monetary …
Persistent link: https://www.econbiz.de/10011050039
Denmark’s flexicurity model has performed well during the crisis. The actions and the improvement in economic conditions have restored overall stability to the banking system. Private consumption has been dented by the decline in housing prices and net household wealth. Exports have...
Persistent link: https://www.econbiz.de/10011244600
innovation, education, and on continuing financial sector reforms. …
Persistent link: https://www.econbiz.de/10011245859
The key policy challenge for Turkey in the years ahead will be to enhance and consolidate the advances made since the nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union levels. This paper reviews Turkey’s...
Persistent link: https://www.econbiz.de/10005767368
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 …
Persistent link: https://www.econbiz.de/10011242306