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); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …
Persistent link: https://www.econbiz.de/10013401933
); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …
Persistent link: https://www.econbiz.de/10013412825
. The results show that the literature leans towards Schumpeter (1942); innovation returns are modeled as following an ex … ante known probability distribution. By assuming that the outcomes of innovation activities are (probabilistically …
Persistent link: https://www.econbiz.de/10012498110
where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …
Persistent link: https://www.econbiz.de/10014025610
In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...
Persistent link: https://www.econbiz.de/10012776382
The early 21st century will be remembered for its shift in global economic power dynamics. In the past two decades, the Chinese government has fostered the growth of many of the world’s most valuable firms, advanced complete integration of Chinese companies in global supply chains, and...
Persistent link: https://www.econbiz.de/10013235959
The city-state of Singapore is a rare case of market autocracy. The government systematically suppresses political dissent through its courts and legislature, and political power is concentrated almost entirely in the hands of a small governing body: the Cabinet of Ministers. At the same time,...
Persistent link: https://www.econbiz.de/10014255417
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...
Persistent link: https://www.econbiz.de/10014032283
Global Innovation Index (INSEAD)and the Democracy Index (The Economist). The selected countries are: Argentina, Brazil … growth, innovation and democracy. Findings - The comparison shows that Argentina, Brazil and Mexico have lower level of … economic growth, innovation performance and democracy level than South Korea, Spain and Croatia. The variety of capitalism in …
Persistent link: https://www.econbiz.de/10011434188
Living standards in China have greatly improved over the past few decades. Both sustained economic growth and an expansion of the social security system have contributed to a sharp reduction in the number of people in poverty. However, urban-rural inequalities remain large and some of the...
Persistent link: https://www.econbiz.de/10011732708