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Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export...
Persistent link: https://www.econbiz.de/10010128350
Greece’s currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low...
Persistent link: https://www.econbiz.de/10010209745
This paper shows how and why the Solow growth accounting framework is useful for linking entrepreneurship capital to … knowledge investments on economic growth. By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link … between investments in new knowledge and economic growth. Entrepreneurship is an important mechanism permeating the knowledge …
Persistent link: https://www.econbiz.de/10012714139
Capital-goods imports have become an increasing source of growth for the U.S. economy. To understand this phenomenon, we build a neoclassical growth model with international trade in capital goods in which agents face exogenous paths of total factor and investment-specific productivity measures....
Persistent link: https://www.econbiz.de/10011777748
We examine the dynamics of ideas production and knowledge-productivity relationship in a panel of 19 OECD countries. A new data set of triadic patents is used. We rigorously address the issues of cross-country heterogeneity and endogeneity. Domestic and foreign ideas stocks exert positive but...
Persistent link: https://www.econbiz.de/10003785303
Industrial houses and governments of different countries and groups spend a sizeable amount of their earnings upon research and development activities to create new products and obtain patents for them. The short-run motive is to get patents, and the long-run motive is to influence income growth...
Persistent link: https://www.econbiz.de/10012294665
We employ the “social conditions of innovative enterprise” framework to analyze the key determinants of China’s development path from the economic reforms of 1978 to the present. First, we focus on how government investments in human capabilities and physical infrastructure provided...
Persistent link: https://www.econbiz.de/10014077435
The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity. Weak corporate governance and easy credit before the crisis led to high indebtedness and...
Persistent link: https://www.econbiz.de/10011399555
Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...
Persistent link: https://www.econbiz.de/10011495600
The paper analyses the macroeconomic interactions between high-tech innovations (such as growth in telecommunications) and trade. Cointegration and innovation accounting based on vector autoregression techniques have been used to estimate empirically trade and grwoth dynamics in the Australian...
Persistent link: https://www.econbiz.de/10013105150