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Industrialization Lessons from BRICS: A Comparative Analysis

Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013

To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...

Persistent link: https://www.econbiz.de/10010884080

The Radical Innovation Investment Decision Refined

Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

Persistent link: https://www.econbiz.de/10010791525

Entrepreneurship, stages of development, and industrialization

Ács, Zoltan J.; Naudé, Wim - United Nations University-Maastricht Economic Research … - 2012

Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be...

Persistent link: https://www.econbiz.de/10010856410

Entrepreneurship and Economic Development: Theory, Evidence and Policy

Naudé, Wim - Institute for the Study of Labor (IZA) - 2013

This paper provides an overview of the state of the art of the intersection of development economics and entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights from the intersection of entrepreneurship and...

Persistent link: https://www.econbiz.de/10010884187

Skill Variety, Innovation and New Business Formation

Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Institute for the Study of Labor (IZA) - 2014

that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …

Persistent link: https://www.econbiz.de/10010884235

Job Creation Effects of R&D Expenditures: Are High-tech Sectors the Key?

Bogliacino, Francesco; Piva, Mariacristina; Vivarelli, Marco - Institute for Prospective Technological Studies (IPTS), … - 2011

In this paper we assess the job creation effect of R&D expenditures, using a unique longitudinal database of 677 European companies over the period 1990-2008. We estimate a dynamic labour demand specification using a Least Squares Dummy Variable Corrected (LSDVC) technique. The labour-friendly...

Persistent link: https://www.econbiz.de/10010886125

Innovative Capability and Financing Constraints for Innovation: More Money, More Innovation?

Hottenrott, Hanna; Peters, Bettina - In: The Review of Economics and Statistics 94 (2012) 4, pp. 1126-1142

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … they selected additional innovation projects, they must have had some unexploited investment opportunities that were not … profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing, but also to …

Persistent link: https://www.econbiz.de/10011009939

Innovation, employment growth, and foreign ownership of firms: A European perspective

Dachs, Bernhard; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The …, reveals important differences between the two groups: Due to general productivity increases and process innovation, foreign … innovation are larger for foreignowned firms. Together with employment-stimulating effects stemming from existing products, they …

Persistent link: https://www.econbiz.de/10010957608

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

Persistent link: https://www.econbiz.de/10010957615

Estimating dynamic R&D demand: An analysis of costs and long-run benefits

Peters, Bettina; Roberts, Mark J.; Vuong, Van Anh; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Using firm-level data from the German manufacturing sector, we estimate a dynamic, structural model of the firm's decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies linkages between the firm's R&D investment, product and...

Persistent link: https://www.econbiz.de/10010957646