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In this paper we analyze an inter-temporal optimization problem of a representative firm that invests in horizontal and vertical innovations and that faces a constraint with respect to total R&D spending. We find that there can exist two different steady-states of the economy when the amount of...
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. Studies which use technological innovation systems and multi-level-perspective approaches show that the development of … innovation systems is a complex process, with many direct and indirect interdependencies of the different variables. The paper … case study. In order to develop a perspective how to build the model in technical terms, the dynamics of the innovation …
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substitution effects or general innovation outcome measures, but we are interested in knowing where the policy effect is highest …: on innovation close to the market (i.e. incremental innovation) or on innovation that is still far from the market and … market failure is highest, that is, for radical innovation. Taking into account that the Swiss funding agency encourages …
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Innovation has been and continues to be recognised as central to promoting and supporting sustainable economic … economic development in South Africa are the Innovation Policy and the Industrial Policy. This article considers the role of … achievement of the objectives of the innovation and industrial policies and present a homogeneous approach to policy …
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