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In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10010262488
This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper … the development of a more general theory of the determinants and the effects of TC. In turn, such theory has to deal …
Persistent link: https://www.econbiz.de/10010263572
This paper investigates the geography and the effect of people in creative oc-cupation in Germany. The population share of the Creative Class as well as of bohemians and artists is relatively high in larger cities, but smaller places and rural regions may also have a considerable proportion of...
Persistent link: https://www.econbiz.de/10010263781
We analyze the regional distribution and the effect of people in creative occupations based on data for more than 450 regions in eight European countries. The geographic distribution of the creative class is highly uneven. The creative class is not attracted to highly urbanized regions per se,...
Persistent link: https://www.econbiz.de/10010263818
participants' performance in the innovation games is in fact related to their creativity, risk tolerance and self-control. Other …&D or patent data. This research, however, is only poorly informed about the psychological tradition of creativity research …. Our study is an attempt to experimentally collect behavioral data revealing in how far creativity, analytical skills …
Persistent link: https://www.econbiz.de/10010281675
We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We provide estimates based on cross-sectional as well as...
Persistent link: https://www.econbiz.de/10010320301
We investigate to what extent tolerance, as measured by attitudes toward different types of neighbors, affects economic growth. Data from the World Values Survey enable us to investigate tolerance-growth relationships for 54 countries. We provide estimates based on cross-sectional as well as...
Persistent link: https://www.econbiz.de/10010321391
industry level the impact of energy prices on green innovation activities. Our econometric models show that energy prices and … green innovation activities are positively related and that energy prices have a significantly positive impact on the ratio … lag between energy prices and innovation activities. Robustness tests confirm the main results. …
Persistent link: https://www.econbiz.de/10011386846
recent literature is that there is a clear impact of environmental policy on invention, innovation and diffusion of …
Persistent link: https://www.econbiz.de/10010325490
dirty innovation and production; (ii) optimal policy involves both 'carbon taxes' and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10010272399