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We examine how basic research should be financed. While basic research is a public good benefiting innovating entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to shareholders, and aggregate output. We show that the...
Persistent link: https://www.econbiz.de/10010342234
diversification, iii) inefficient financial market, iv) insufficiently advanced infrastructure, v) low level of innovation, vi) weak …
Persistent link: https://www.econbiz.de/10011672545
Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …
Persistent link: https://www.econbiz.de/10011772201
This paper provides the theoretical guide and introduction to a selected list of papers evaluating the drivers of technological catch-up experiences from Asia. It departs from neoclassical preoccupation with markets as the sole or dominant institution of economic allocation by arguing that the...
Persistent link: https://www.econbiz.de/10013069448
Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …
Persistent link: https://www.econbiz.de/10012941243
, distribution, and innovation. Economic development has been ubiquitous with the economic progress of “developing” countries, but …
Persistent link: https://www.econbiz.de/10012849707
This paper examines how strategic alliances to create and use standards affect economic growth and development. The explanation of the link from standards to economic growth and development is through the effects of standards on the incentives to perform industrial research and development...
Persistent link: https://www.econbiz.de/10013025822
In the land of ‘Jugaad’, where everyone is able to find a frugal fix toany problem, innovation is still dismal …. Innovation in India is dismal not because of the lack of grey matter, but because India is systemically failing its inventors …
Persistent link: https://www.econbiz.de/10013219626
factor productivity gains, which are in turn driven to a large extent by innovation. While a number of Korean firms are at …. Innovation also requires policies to ensure the supply of high-quality human capital through reforms of tertiary education. This …
Persistent link: https://www.econbiz.de/10012444330
Increasing productivity growth through innovation is a key to raising living standards. Although R&D intensity in Japan …. The innovation system, which developed during the catchingup process, is largely input-driven and focused on incremental … innovation based on closed and stable corporate and employment systems. However, this approach is less appropriate in the current …
Persistent link: https://www.econbiz.de/10012446441