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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
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The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
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In this paper, we aim at re-assessing the undisputed positive relationship between innovation and economic growth by … questioning the view that R&D (and formal knowledge in general) equates innovation and innovation equates regional growth. We … several knowledge and innovation indicators, ranging from R&D expenditures, patent data, to newly released data on different …
Persistent link: https://www.econbiz.de/10011521603
Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … environment is receptive to innovation. In addition, policymakers need to prepare for the potential job losses that can occur in …
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For a long time mainstream economics has neglected the non-economic side related to economic growth. Yet, today there is increasing awareness of the role that social capital can play in spurring Local Economic Development especially in underdeveloped, remote, or lagging contexts. Microwineries...
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