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transition from a growth model based on investment in existing technologies to an innovation-based model …
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-Schumpeterian view of transition from a growth model based on investment in existing technologies to an innovation-based model …
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Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms' decision to enter, to expand if successful and to exit...
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Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms' decision to enter, to expand if successful and to exit...
Persistent link: https://www.econbiz.de/10013325211