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In the human capital model with perfect labor markets, firms never invest in general skills and all costs of general training are borne by workers. When labor market frictions compress the structure of wages, firms may pay for these investments. The distortion in the wage structure turns...
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Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last several decades have been, these new sweeping technological changes will be...
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knowledge production function relating innovation inputs and innovation outputs. In analyses on the regional level and …This paper reviews approaches used for evaluating the performance of local or regional innovation systems. This … especially when acknowledging regional innovation systems those approaches have to take into account cooperative invention and …
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