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Innovation is often seen as carried out by highly educated labor in R&D intensive companies with strong ties to leading … centers of excellence in the scientific world. Seen from this angle innovation is a typical “first world” activity. There is …, however, another way to look at innovation that goes significantly beyond this high-tech picture. In this broader perspective …
Persistent link: https://www.econbiz.de/10014025151
The Renaissance era in Western Europe was marked by a flourishing of economic and cultural life that gave rise to numerous discoveries and inventions. This paper studies the role played by Greek migrants in this process. Using a newly constructed dataset on Greek migrants in Europe after the...
Persistent link: https://www.econbiz.de/10014227815
strategy (from an export-manufacturing based to an innovation-productivity based growth model) is afflicted with higher …
Persistent link: https://www.econbiz.de/10012909722
more strongly in Asia than in the rest of the world. Third, innovation has also been critical in facilitating recent growth …, technological imitation, and then innovation. The experiences of these Asian economies in the last several decades provide critical …
Persistent link: https://www.econbiz.de/10013328193
This research explores the effects of culture on technological diffusion and economic development. It shows that culture's direct effects on development and barrier effects to technological diffusion are, in general, observationally equivalent. In particular, using a large set of measures of...
Persistent link: https://www.econbiz.de/10011528503
The aim of this paper is to assess whether the impacts of real exchange rate undervaluation and domestic technological capabilities on growth are stable across development levels. On the one hand, a real exchange undervaluation measure is constructed based on the purchasing-power-parity theory...
Persistent link: https://www.econbiz.de/10011536945
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012206273
We construct and estimate a unified model combining three of the main sources of cross-country income disparities:[...]
Persistent link: https://www.econbiz.de/10009486844
innovation drive income expansion. Funke and Strulik [2000]. On endogenous growth with physical capital, human capital and … phases, characterized in a temporal order by physical capital accumulation, human capital formation, and innovation, and that … development are possible and show that the model can generate a trajectory in which innovation precedes human capital formation …
Persistent link: https://www.econbiz.de/10013040130
We use the Aguion and Howitt (2009) theoretical model of endogenous economic growth to explain the declining economic growth in developed economies in the period 1981-2009. Aguion and Howitt theoretical framework combines Solownian and Schumpeterian elements in a single scenario, so that...
Persistent link: https://www.econbiz.de/10012984814