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We show how a Schumpeterian process of creative destruction can induce rational, herd-behavior by entrepreneurs across diverse sectors of the economy that may look like it is fuelled by ``animal spirits''. Consequently, a multi-sector economy, in which sector-specific, productivity improvements...
Persistent link: https://www.econbiz.de/10005827165
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
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/10010331964
, most of them however working abroad. The central problem is the lack of an innovation-oriented industry structure and of a … well-functioning innovation system connecting research output with the demand of entrepreneurs and high-tech start-ups in …-added, the country has the opportunity to transform into an innovation-driven economy. …
Persistent link: https://www.econbiz.de/10010427265
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/10010209745
Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common origins, including a widening productivity and wage gap...
Persistent link: https://www.econbiz.de/10011732717
, most of them however working abroad. The central problem is the lack of an innovation-oriented industry structure and of a … well-functioning innovation system connecting research output with the demand of entrepreneurs and high-tech start-ups in …-added, the country has the opportunity to transform into an innovation-driven economy. …
Persistent link: https://www.econbiz.de/10011266544
the methodology proposed by the European Commission in the study about the “European Innovation Scoreboard 2007 … of the innovation and entrepreneurship in Latin-American Countries. …
Persistent link: https://www.econbiz.de/10005836495
Plug and Play – The Era of Technology Convergence.Emergences of new technologies like Mobile, Cloud and robust payment gateways have enhanced the business models of e-commerce applications. Google pioneered the advertisement based revenue model. Amazon gave a whole new dimension to e-business...
Persistent link: https://www.econbiz.de/10012949705
We investigate the speed at which clusters of invention for a technology migrate spatially following breakthrough inventions. We identify breakthrough inventions as the top one percent of US inventions for a technology during 1975-1984 in terms of subsequent citations. Patenting growth is...
Persistent link: https://www.econbiz.de/10005026825