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Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10013158839
Neoclassical theoretical approaches dominate modern health economics. However, the peculiarities of healthcare provision are so unusual that neoclassical theory is especially unsuited to the area. Even mainstream health economists often abandon Paretian welfare considerations to focus on needs...
Persistent link: https://www.econbiz.de/10012716388
This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10012716493
The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (read: eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10014051184
in intellectual property rights on the patenting and innovation strategies of Chinese and Western firms operating in … property rights and legal institutions that foster R&D and innovation, and when Western firms gain longer operational … informal institutional environments. It also provides important implications for policy and innovation strategies for …
Persistent link: https://www.econbiz.de/10012902031
transition to the post-industrial paradigm, and the economy of "knowledge", the national innovation system (NIS) plays a leading … innovation system significantly lags behind other countries and calls for modernisation based on the modern regulatory tools …, policies, and world's leading trends. The direct import of institutions of foreign innovation systems demonstrates its limited …
Persistent link: https://www.econbiz.de/10012800107
regulatory issue of spurring the innovation dynamics of financial markets while ensuring systemic stability and sustainability …
Persistent link: https://www.econbiz.de/10013502255
's conceptualizations of social rules and norms, in particular when it comes to evolutionary processes and innovation dynamics. …
Persistent link: https://www.econbiz.de/10014230890
structures called innovation commons (Allen & Potts, 2016), it ends with integration in the hierarchical start-up firm. This …
Persistent link: https://www.econbiz.de/10014124403