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Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
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origin and diffusion of technological innovation across economies. This study suggests that institutional change, based on a … of technological innovation, can propose best practices directed to support a higher economic freedom in society … technological innovation to govern the development of economies in the presence of globalization and geographical expansion in world …
Persistent link: https://www.econbiz.de/10012828332
competition. Innovation competition as a trial and error-process can be analyzed as an evolutionary process of variation and … selection of new problem solutions, which allows to apply arguments and models of evolutionary innovation economics. Both … on innovation. Since there might be also advantages of a larger firm size, a trade off might occur leading to the notion …
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to innovation, as well as in more competitive industries. This pattern is also stronger for high-tech industries, for …
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contributes to innovation in source countries. We use changes in the labour mobility legislation within Europe as exogenous …
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Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in less developed civilisations often rely on informal institutions such as religion (RES). The present paper attempts to explain the determinants of societies’ choice between...
Persistent link: https://www.econbiz.de/10011524872
tolerate experimentation and innovation. Taken together, the accumulation of liberties, the institutionalization of liberty …
Persistent link: https://www.econbiz.de/10012936067