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This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model where multi-product firms do two types of innovation subject to friction in technology spillovers. Firms improve their existing products through internal innovation while...
Persistent link: https://www.econbiz.de/10013226722
Digitalization is one of the key drivers of accelerated change in our everyday lives, both on an economic and social level. With solutions enabled through ICT technologies, we are more connected than ever on the global scale. In this next chapter of globalization, we currently experience...
Persistent link: https://www.econbiz.de/10014033706
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
of several industries and policymakers alike. Our world is in a transitional phase as we are more and more connected … analyze enormous amounts of data in the world of Big Data (Zuti 2018a, Hollingworth–Barker 2017, Kovács 2017a, Kovács 2017b …
Persistent link: https://www.econbiz.de/10014033579
Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is conducive to long-term investments in new business...
Persistent link: https://www.econbiz.de/10011111092
Persistent link: https://www.econbiz.de/10003753359
This study empirically analyses the links between banking competition and manufacturing productivity growth for a … find that the total factor productivity of the most financially dependent industries grows more slowly in economies where … funds. Banks may select more of the best firms, which would increase total factor productivity of the industries that are …
Persistent link: https://www.econbiz.de/10013005222
In the last few years, U.S. telecoms policy has shifted from encouraging the sharing of existing networks to facilitating the deployment of advanced communications networks. Given the large capital expenditures required for these networks, there can be only a few of such networks. In light of...
Persistent link: https://www.econbiz.de/10014050795
In financial markets, clients entrust their capital and data to financial infrastructure providers who are vulnerable to breaches. We develop a model in which infrastructure providers compete to provide secure and efficient client services, in the presence of a cyber-attacker. In equilibrium,...
Persistent link: https://www.econbiz.de/10012841695
We model the opacity and deposit rate choices of banks that imperfectly compete for uninsured deposits, are subject to runs, and face a threat of entry. We show how shocks that increase bank competition or bank transparency increase deposit rates, costly withdrawals, and thus bank fragility....
Persistent link: https://www.econbiz.de/10012549699