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such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
The idea in this paper is to provide an empirical verification of the relationship between innovation adoption and … productivity growth. After a brief revision of the literature about the concept and main determinants of innovation adoption … subsequently, we study the impact that innovation adoption may have on productivity growth through a regression analysis. The …
Persistent link: https://www.econbiz.de/10010774314
The idea in this paper is to provide an empirical verification of the relationship between innovation adoption and … productivity growth. After a brief revision of the literature about the concept and main determinants of innovation adoption … subsequently, we study the impact that innovation adoption may have on productivity growth through a regression analysis. The …
Persistent link: https://www.econbiz.de/10010756001
The purpose of this paper is to examine how the Solow residual relates to innovation at the firm level. We estimate two … kinds of relationships. The first relationship explains innovation output from innovation inputs. The second relationship … relates TFP growth to innovation output. We obtain two main results. First, the determinants of incremental and radical …
Persistent link: https://www.econbiz.de/10014141351
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
. The main contribution of this paper is to model the innovation channel of finance explicitly. The paper focuses … particularly on the interaction term between the measure of own innovation and financial development. As countries approach the … technological frontier, own innovation becomes more important to sustain a high growth rate. An adequate level of financial …
Persistent link: https://www.econbiz.de/10013130390
This paper studies the global synchronicity of technology and its impact on the economy. We employ dynamic factor analysis to decompose patent data in different digital technologies for various countries into global and country-specific factors. Our findings confirm the existence of global and...
Persistent link: https://www.econbiz.de/10014279279
Increasing productivity growth through innovation is a key to raising living standards. Although R&D intensity in Japan …. The innovation system, which developed during the catchingup process, is largely input-driven and focused on incremental … innovation based on closed and stable corporate and employment systems. However, this approach is less appropriate in the current …
Persistent link: https://www.econbiz.de/10005046148
factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at …. Innovation also requires policies to ensure the supply of high-quality human capital through reforms of tertiary education. This ….oecd.org/eco/surveys/korea).<P>Maintenir une forte croissance grâce à l'innovation : Réforme des système de R-D et d'éducation<BR>Les apports de main-d’oeuvre et …
Persistent link: https://www.econbiz.de/10005046217
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424