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In this essay, we begin by offering a definition and two examples of market creating innovation that provide a … some countries prosper while others do not. We propose that market creating innovation constitutes a "third answer to this …-creating innovation, institutional evolution, and, ultimately, economic development. We offer specific examples of how Blockchain …
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innovation, also considering the interaction of these variables with the structural indicator of the public debt. The main …
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The "resource curse" is a potential threat to all countries relying on export income from abundant natural resources such as fossil fuels. The early literature hypothesized that easily accessible natural resources would lead to lack of technological progress. In this article we instead propose...
Persistent link: https://www.econbiz.de/10013387387
This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R … the period 1981-97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non …
Persistent link: https://www.econbiz.de/10014067262
Ever since the dire predictions of The Limits to Growth (Meadows & al. 1972) failed to come true on time, it's been all too easy to ridicule environmentally-based arguments against economic growth as pessimistic and "Malthusian." In contrast, this paper accepts, for the sake of argument, the...
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