The existing research on knowledge-spillovers from foreign direct investment (FDI) has invariably treated all foreign firms as homogeneous and of equal importance for the development of host countries. However, in actual market situations foreign firms are basically non-homogeneous and of...

Some ideas have dramatically more impact than others – they may overturn existing paradigms or launch new areas of scientific inquiry. Where do such high impact ideas come from? Are some search processes significantly more likely to lead to breakthrough idea generation than others? In this...

Technological change at the firm level has commonly been modeled as random sampling from a fixed distribution o f possibilities. Such models, however, typically ignore empirically important aspects of the firm's search process, notably the observation that the present state of the firm guides...

This paper contributes to the recent stream of literature on NK Model’s applications to the field of technological evolution. It is argued that while the model has a great explanatory potential in economics proper, its behavioral foundations are still maladapted for treatment of purportive...

Technological change at the firm-level has commonly been modeled as random sampling from a fixed distribution of possibilities. Such models typically ignore empirically important aspects of the firm's search process, namely the related observations that a firm's current technology constrains...