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The present paper assesses the interactions between innovation and economic institutions within the context of the inequality-growth nexus. By carrying out fixed effects estimations on a cross-country panel, we find that both institutional quality and innovations improve economic growth at the...
Persistent link: https://www.econbiz.de/10014434530
consequence of sustained low multi-factor productivity growth within industries, as well as weak investment. Economic geography is …, removing barriers to fixed capital investment (including taxation), accessing benefits from agglomeration by improving urban … planning and infrastructure provision, enhancing competition and increasing investment in innovation and intangibles. This …
Persistent link: https://www.econbiz.de/10011732737
In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who become entrepreneurs by limiting the downside...
Persistent link: https://www.econbiz.de/10013161870
We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, we look at industrial policy in the context...
Persistent link: https://www.econbiz.de/10011802103
Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...
Persistent link: https://www.econbiz.de/10012849707
relationship among TFP, investment, and employment. Based on these main findings, I suggest a few policy implications for Korea to …
Persistent link: https://www.econbiz.de/10013144938
The analysis of innovative behavior is suited to several ways of comments. The economic literature emphasizes, in many cases, different effects of innovation in products and processes on international trade, growth, employment and the firms performance. However, little knowledge about the...
Persistent link: https://www.econbiz.de/10010583149
reforms affect R&D investment and patent activity. First, a "micro" reformthat abolishes barriers to entry in the banking … sector produces a straightforward result: a decrease in lending rates which stimulates R&D investment and economic growth …
Persistent link: https://www.econbiz.de/10012508542
Starting from the significant differences between the European Union's member states regarding framing and implementing the sustainable development strategies and the transition from linear economy towards circular economy (European Commission, 2017a), the article analyses the impact that...
Persistent link: https://www.econbiz.de/10011881841
the promoters of business sustainability, and the macroeconomic indicators Labour force, FDI (Foreign Direct Investment … variables: labor and unemployment - % of total labor force) and of investments (through the variable: foreign direct investment …
Persistent link: https://www.econbiz.de/10012214072