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The National Bureau of Economic Research (NBER) confirmed in November 2001 what many had long suspected - that the U.S. economy was in recession and had been since March 2001. Thus ended an economic expansion that had begun in March 1991, the longest in the NBER chronology that dates to the...
Persistent link: https://www.econbiz.de/10014034064
This paper empirically investigates the extent to which technological characteristics in exports affect the patterns of trade-led economic growth across countries. Data of the Balassa index, which captures a country's revealed comparative advantage, are obtained for industries classified by...
Persistent link: https://www.econbiz.de/10013121893
This paper shows how and why the Solow growth accounting framework is useful for linking entrepreneurship capital to economic growth. The knowledge filter impedes the spillover of knowledge for commercialization, thereby weakening the impact of knowledge investments on economic growth. By...
Persistent link: https://www.econbiz.de/10012714139
There is increasing empirical evidence that creative destruction, driven by experimentation and the adoption of new products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be obstacles to the progress in standards of living....
Persistent link: https://www.econbiz.de/10014149651
that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …
Persistent link: https://www.econbiz.de/10012649571
innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU …
Persistent link: https://www.econbiz.de/10010128350
an efficient innovation system or substantial R&D investments, were ignored. Going forward, governmental reforms should …
Persistent link: https://www.econbiz.de/10011983469
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011350354
the slump following the Great Recession. Endogenous innovation dynamics amplifies financial crises and helps explain the …
Persistent link: https://www.econbiz.de/10012054578
-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10009007836