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technologies during the early stages of which a discovery is followed by a period of rapid economic growth and innovation, and the …
Persistent link: https://www.econbiz.de/10014141897
important differences from continuous time. First, the probability of successful innovation cannot be homogeneous of degree one …
Persistent link: https://www.econbiz.de/10014072136
concentration and firm size. These determine the scale and the efficiency of R&D operations and the (average) rate of innovation. If …
Persistent link: https://www.econbiz.de/10014102339
While an increasing number of conceptual studies postulate that vocational education and training (VET) activities have …' participation in initial VET on their innovation outcomes. The results based on linear probability models and instrumental variable … regressions with entropy balancing show that the impact of VET activity on innovation is more ambiguous than postulated. Overall …
Persistent link: https://www.econbiz.de/10012495922
Incumbent firms have two basic possibilities to improve their competitive position in the product market: investment in R&D and the creation of entry barriers to the disadvantage of potential rivals, e.g. through lobbying activities, campaign contributions, bribes or the adoption of incompatible...
Persistent link: https://www.econbiz.de/10013139546
In an economy where growth is determined by the interaction of R&D and learning-by-doing (LBD), changes of factors that stimulate either one of these activities affect growth differently than in an economy where growth is determined by either R&D or LBD alone. In particular, when firms...
Persistent link: https://www.econbiz.de/10013102612
This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...
Persistent link: https://www.econbiz.de/10013062814
In an economy where growth is determined by the interaction of R&D and learning-by-doing (LBD), changes of factors that stimulate either one of these activities affect growth differently than in an economy where growth is determined by either R&D or LBD alone. In particular, when firms...
Persistent link: https://www.econbiz.de/10014215854
innovation, too few resources are allocated to entrepreneurship and returns to R&D are low because of this lack of … entrepreneurial skills. When so, innovation should be promoted by encouraging entrepreneurship rather than research …
Persistent link: https://www.econbiz.de/10014121352
We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R\&D, or alternatively, by trying to imitate other firms'...
Persistent link: https://www.econbiz.de/10011671850