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Empirical results on the link between growth and diversity in (un)related industries proved to be highly dependent on the specific regional and temporal context. Making use of highly disaggregated employment data at the sub-regional level, we find that higher employment growth in Austria is...
Persistent link: https://www.econbiz.de/10011495126
This paper analyses the nature of knowledge spillovers from research and development (R&D) in the field of liquid crystal display technology by estimating the impact of inventors' changing organizational and collaborative affiliations on the probability of citations in US patents filed between...
Persistent link: https://www.econbiz.de/10011490728
Joseph A. Schumpeter developed a very well-known theory of entrepreneurs and entrepreneurship, centred on the concept … of "new combinations". According to him, innovation and entrepreneurship are destructive elements driving the system … Austrian, Schumpeter was never a member of the Austrian School of Economics. However, his position as regards entrepreneurship …
Persistent link: https://www.econbiz.de/10011895105
We investigate the impact of incremental trade liberalization in a dynamic model of endogenous growth with heterogeneous firms and costly trade. Growth originates from horizontal specialization and the steady state productivity growth rate is positive. Innovations require costly R&D and are...
Persistent link: https://www.econbiz.de/10009746794
We examine immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to … into the United States, comprehensive data for quantifying immigrant entrepreneurship are difficult to assemble. We combine …
Persistent link: https://www.econbiz.de/10011565661
Immigrants account for about a quarter of US invention and entrepreneurship despite a policy environment that is not …
Persistent link: https://www.econbiz.de/10012241073
This paper studies a two-country production economy with complete and frictionless financial markets and international trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms...
Persistent link: https://www.econbiz.de/10010468546
Governments purchase everything from airplanes to zucchini. This paper investigates the role of the technological content of government procurement in innovation. We theoretically show that a shift in the composition of public purchases toward high-tech products translates into higher...
Persistent link: https://www.econbiz.de/10010399854
We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation. in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...
Persistent link: https://www.econbiz.de/10010485007
Persistent link: https://www.econbiz.de/10008825731