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After a long period of catch-up growth that began after the Second World War, France has now reached a technological frontier in many sectors of its economy. Why is it then that the French economy ranks so low in various rankings of the world's most innovative economies? Why is it so difficult...
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We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of …. The model predicts that more individualism leads to more innovation because of the social rewards associated with …
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We examine the role of society’s cultural moral code as a fundamental cause of institutional quality and economic prosperity. Our analysis focuses on the differences between pride-based (such as Protestantism) and guilt-based (such as Catholicism) cultures. A more pronounced pride sentiment or...
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An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods vis-a-vis...
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This paper focusses on the definition of the word ‘innovation’ as used in scholarly manuscripts (books and articles) about the Innovation. The research was done in 1988, and reported in the Dutch Language in a Research Paper of the University of Eindhoven (The Netherlands). As preparation...
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individualism and self-expression prevailing among the people-fueled the dynamism needed for widespread innovation." …
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