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We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...
Persistent link: https://www.econbiz.de/10010263536
In the last decades, innovation activity has been defined by an increasing complexity and a faster pace of the … underlying technological change. Accordingly, several studies have shown that competitive systems of innovation benefit from …
Persistent link: https://www.econbiz.de/10010431699
The development of digital technology provides opportunities for every country to increase its economic growth. Digital technologies are changing the workplace, providing a significant opportunity for nations and companies to boost productivity, efficiency, and growth. The speed of digital...
Persistent link: https://www.econbiz.de/10012518190
In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …
Persistent link: https://www.econbiz.de/10012440279
Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …
Persistent link: https://www.econbiz.de/10011772201
research is needed to elaborate the design of systems of public procurement of AI innovation and for appropriately adjusting … the legal frameworks underpinning high-tech innovation, in particular dealing with patents created by AI. …
Persistent link: https://www.econbiz.de/10011895813
Innovation in agriculture differs from innovation elsewhere in the economy in several important ways. In this chapter … mean that the nature and extent of market failures in the provision of agricultural research and innovation differ from …. Informal innovation and technical discovery processes characterized agriculture from its beginnings some 10,000 years ago …
Persistent link: https://www.econbiz.de/10014025149
increases wage inequality but leads to greater production in developing countries. I study a Brazilian innovation program that … taxed the leasing of international technology to subsidize national innovation. I show that the program led firms to replace …
Persistent link: https://www.econbiz.de/10013429241
The study of innovation and technological change is an increasing field of economic enquire because innovation can be … considered a major engine of growth. This paper is concerned with the determinants of innovation and technological change …
Persistent link: https://www.econbiz.de/10011324918
The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate-friendly technologies and encourages technology transfer. The CDM has provided financial support for a large share of Chinese wind projects since 2002. Using pooled...
Persistent link: https://www.econbiz.de/10010257289