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"We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
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accelerated by the forces of globalization. These transition economies can serve as laboratories for understanding the innovation … innovation system development in the context of small catching-up economies. Smallness, path dependency, and latecomer status of … such economies create some inherent limitations for their innovation systems, but these special characteristics can offer …
Persistent link: https://www.econbiz.de/10009419610
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From Development as Democracy to Innovation as Development: Current local, regional, and global economic and financial … that are based on high quality and quantity innovations. Given the uncertainty and change inherent in the innovation … re-distribution can lead to innovation and help an economy move from a stagnant state into a new sustainable economic …
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We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10013069970
We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …
Persistent link: https://www.econbiz.de/10013144153