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respects. Entrepreneurs in our model dispose of two different skills (technological and systemic skills) and we are able to … growth and convergence of an economy towards the world technology frontier. -- Growth ; skills ; innovation ; selection …
Persistent link: https://www.econbiz.de/10003782309
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
a new growth model centred around a shift towards more home-grown innovation, digitalisation, climate change mitigation …
Persistent link: https://www.econbiz.de/10012433894
and direction of innovation in that software development is a core part of innovation activities in firms across a wide …-level survey data on the frequency and nature of software development among firms in Sweden, matched with the Community Innovation … Survey (CIS). We find robust evidence supporting a software-bias in innovation in that software development is associated …
Persistent link: https://www.econbiz.de/10012240553
respects. Entrepreneurs in our model dispose of two different skills (technological and systemic skills) and we are able to …
Persistent link: https://www.econbiz.de/10010263536
an economy consisting of a technologically heterogeneous ensemble of firms. In the model entrepreneurs invest in the … discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation … and on how long it takes other entrepreneurs to improve it. We show that technological convergence emerges from the …
Persistent link: https://www.econbiz.de/10011730583
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
) programmes at UNESCO Regional Bureau for Science in Latin America and the Caribbean is made. An account of the innovation …
Persistent link: https://www.econbiz.de/10014170931
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592