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This paper presents a model of the life cycle that drives and is driven by R&D. In the model, firms have the option to improve their quality or to invest R&D resources in efficiency gains. Faced with this tradeoff, young firms opt for quality instead of efficiency improvements, whereas more...
Persistent link: https://www.econbiz.de/10005040866
Empirical research has revealed some regularities regarding the innovation that takes place over the industry life …-cycle. First, innovation is high when an industry is young and low when the industry matures, and second, product innovation … decreases with industry maturity, while process innovation increases. The implications of these regularities are profound, but …
Persistent link: https://www.econbiz.de/10010688122
; the impact of economic reform on British productivity growth; productivity and policy reform in Australia; the measurement …
Persistent link: https://www.econbiz.de/10005650238
Investment in innovation in industrialized economies increasingly is taken over by large firms that operate their own R … do this for survival. But such routinized innovation has not replaced the individual independent innovator, the …
Persistent link: https://www.econbiz.de/10010765328
Persistent link: https://www.econbiz.de/10008515477
The purpose of this paper is to provide evidence, and argue, that stunning as India’s success is, the potential – and need – is for still more reform and more rapid growth. 8 percent is a good rate of growth, but many are destined needlessly to be left behind for years to...
Persistent link: https://www.econbiz.de/10005528352
Ghana has made considerable progress over the last 20 years in sustaining economic growth and reducing poverty. The Government of Ghana has declared its new development goal of reaching middle-income status by 2015. Achieving this goal will require Ghana to double its per capita income over the...
Persistent link: https://www.econbiz.de/10011132791
and growth uncertainty for Australia. Design/methodology/approach – Multivariate EGARCH models has been used to estimate … the relationship between inflation, inflation uncertainty, growth and growth uncertainty for Australia. Findings – Using … inflation-targeting monetary policy in Australia. Research limitations/implications – Multivariate EGARCH model can be used to …
Persistent link: https://www.econbiz.de/10009319778
(2)-1994(2) in Australia. The causality tests were performed on time-series data that were filtered after unit root and cointegration … testing. During the study period there was a dramatic shift from a protectionist to a more liberal trading regime in Australia …
Persistent link: https://www.econbiz.de/10005003319
Some countries’ financial systems have undergone significant changes in response to the global financial crisis. While Australia’s financial system also experienced a variety of pressures and changes as a result of the crisis, the overall effect was much less severe than in some...
Persistent link: https://www.econbiz.de/10009146676