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We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
Persistent link: https://www.econbiz.de/10011491971
This contribution is motivated by two stylized observations, the slowdown in growth, and a simultaneous income polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the nexus, we argue that the demand side plays a role. We...
Persistent link: https://www.econbiz.de/10012287662
that an upward shift in employment, triggered for instance by a labor market reform, is beneficial in the long-run as it … stagnation of real wages can in this setting constitute two sides of the same coin as a result of the shift in employment: In the … immediate phase following the shock, labor productivity and real wages stagnate as employment gains are initially …
Persistent link: https://www.econbiz.de/10012307862
This work attempts to examine how the global financial crisis has affected the education sector and more specifically … are the main tool for innovation which leads in business development and growth and can reinforce the endogenous regional … case of Greece. More specifically, we are presenting the current situation in Greek Higher Education, focusing on the New …
Persistent link: https://www.econbiz.de/10011538437
In this paper, we aim at re-assessing the undisputed positive relationship between innovation and economic growth by … questioning the view that R&D (and formal knowledge in general) equates innovation and innovation equates regional growth. We … several knowledge and innovation indicators, ranging from R&D expenditures, patent data, to newly released data on different …
Persistent link: https://www.econbiz.de/10011521603
innovation networks in the Eindhoven region in the Netherlands. Previous research showed that these networks contribute to … regional economic development. This paper explores the mechanism through which this happens. Temporary innovation networks may …
Persistent link: https://www.econbiz.de/10012171678
This paper analyzes the role of regional characteristics on innovation persistency among firms. Using five waves of the … Community Innovation Survey in Sweden, we have traced the innovative behavior of firms over a ten-year period, i.e. between 2002 …
Persistent link: https://www.econbiz.de/10011866882
. Adopting new production technologies and realizing synergy effects might allow cost reduction, product innovation and product … upgrading. Even if GVCs represent a rich environment for innovation activities, the extent to which knowledge is created and … heterogeneous innovation capacities for the firms involved. Differences in the forms of governance underlying buyer …
Persistent link: https://www.econbiz.de/10012431517
The aim of this study is to clarify what factors affect the innovation activity of small and medium-sized enterprises … differences in innovation activities. Many studies show remarkable differences between branches. Additionally, the resources of … firms give an unequal starting point for innovation activities. Our study observed that the differences between regions were …
Persistent link: https://www.econbiz.de/10012620031
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory … innovations. Furthermore, it leads to strategic duplication of the entrant's innovation by the incumbent. These negative … innovation effects of restrictive acquisition policy have to be weighed against the pro-competitive effects of preserving …
Persistent link: https://www.econbiz.de/10012438192