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Innovations are inherently connected to knowledge transfers. The need of face-to-face contacts to transfer tacit knowledge is commonly argued to cause a regional dimension of innovative activities. The paper presents an alternative explanation based on a model of boundedly rational actors who...
Persistent link: https://www.econbiz.de/10010266701
Export represents the ultimate strategic necessity that ensures a positive impact on long-term sustainable development and the acquisition of international experience. Export strategy is created by the top management and largely depends on business policy. Each enterprise defines its own...
Persistent link: https://www.econbiz.de/10011920311
Künstliche Intelligenz (KI) ist eine wichtige Zukunftstechnologie, die völlig neue Produkte und Dienstleistungen sowie innovative Geschäftsmodelle befördert. Eine Befragung unter 686 Unternehmen aus Industrie und industrienahen Dienstleistungen im Jahr 2019 ergab, dass etwa 10 Prozent dieser...
Persistent link: https://www.econbiz.de/10012143335
findings emphasize the role of a firm's absorptive capacity and its ICT competence in data-based innovation. It seems that … customer involvement in innovation process positively relates to the production of new data-based products and services. The … reported empirical findings further indicate that data-based product and service innovation tends to be rather strongly demand-driven. …
Persistent link: https://www.econbiz.de/10010326898
Recently, the maximum entropy principle has been applied to explain the evolution of complex non-equilibrium systems, such as the Earth system. I argue that it can also be fruitfully deployed to reconsider the classical treatment of entropy in economics by Georgescu-Roegen, if the growth of...
Persistent link: https://www.econbiz.de/10010300755
Building on the philosophy of Charles Sanders Peirce, recent advances in biosemiotics have resulted into a concise framework for the analysis of signs in living systems. This paper explores the potential for economics and shows how biosemiotics can integrate two different research agendas, each...
Persistent link: https://www.econbiz.de/10010303838
. The paper attempts to shed light upon the problem on the basis of institutional economics, of economics of innovation and …
Persistent link: https://www.econbiz.de/10010306923
Political reforms can be understood as the reconfiguration of formal institutions. The rational choice of formal institutions is the core topic of the New Institutional Economics research program. While bounded rationality is a core assumption of the New Institutional Economics and the reason...
Persistent link: https://www.econbiz.de/10010270244
Increasingly, economists study narratives and their causal impact on economic processes. This paper proposes a new theoretical framework of narrative analysis that is based on the philosophy of language, especially speech act theory, motivated by the observation that, so far, the economic...
Persistent link: https://www.econbiz.de/10014524531
Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013208542