In his /The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail/ published in 1997, Clayton Christensen presents his arguments of how and why leading incumbents failed to respond to the technological straightforward changes in the hard disk drive industry and thus went...

The ban of using Antimicrobic Growth Promoters (AGPs) in poultry sector has been recently introduced by European Union norms. This innovation of the institutional environment is really influential upon the technology in use. The study conceptualizes the poultry industry in terms of technological...

The shift of employment from lower to higher productive firms is an important driver for structural change and industry dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by product innovation may be offset by employment...

Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...

The development process and technological improvements since the industrial revolution are characterized by substantial increases in the quantity and variety of tools/machines/materials adopted in production. It is difficult to reject empirically that proliferation of tools variety is the...

In very different fields of economics, economic inference and policy evaluation require economists to parametrize a production function that links measures of input factors to measures of output. While doing so, strong assumptions are implicitly made about microeconomic variables governing the...

The current paper reviews the impacts and effects of technical transfer and change on the economic patterns of developing countries. It has been postulated that production factors, labor and capital have the greatest effects on economic and development patterns. However, technical change emerges...

Available data on production parameters of the newly born Arabian Gulf countries are very scarce. Truly, they are extremely rich with their oil and natural gas reserves. However, it is basic in an economy to generate other sources of income from created economic sectors. In the present study I...

The impact of environmental regulation on technology diffusion and innovations is studied using a unique data set of German residential buildings. We analyze how energy efficiency regulations, in terms of minimum standards, affects energy-use in newly constructed buildings and how it induces...

Traditional economic theory describes economic agents as being perfectly rational. According to this approach, agents posses all necessary information and have the ability to process this information to make the best decision for maximizing their profit. However, in the real world this...