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The existence of a fundamental relationship between invention, innovation, and economic growth, as insisted upon by Schumpeter, is increasingly taken as an article of faith in nations around the world. Yet the inventions-to-growth relationship is today more complex and less bounded at the scale...
Persistent link: https://www.econbiz.de/10014203009
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
Persistent link: https://www.econbiz.de/10009152586
Climate change can cause major challenges for Small and Medium-sized Enterprises (SMEs). Responding and adapting to such challenges is crucial, as SMEs are vital for driving economic growth and employment in most countries. Investing in R&D is a key way in which SMEs can build the capacities...
Persistent link: https://www.econbiz.de/10015415752
For most of the last century, majority of the universities in USA catered to the local needs and the economy. In the … beginning of the 20th Century few universities in the USA started to expand to attract students across the borders and the … universities are the direct result of their efforts and aspirations to go beyond their borders to attract students from all over …
Persistent link: https://www.econbiz.de/10014107541
It is well known that higher education financing involves uncertainty and risk with respect to students' future economic fortunes, and an unwillingness of banks to provide loans because of the absence of collateral. It follows that without government intervention there will be both socially...
Persistent link: https://www.econbiz.de/10014023712
The first edition of this pioneering book produced surprising conclusions from research around the world into the extent of private education. Drawing on examples from Argentina, Brazil, Colombia, India, Indonesia, Peru, Romania, Russia, South Africa, Zimbabwe and other countries, Professor...
Persistent link: https://www.econbiz.de/10014066462
The authors discuss about the current status of the world and try to explore sectors for the future entrepreneurs, policy analysts. The authors have tried to identify two most promising sectors for social entrepreneurs and policy enthusiasts to act upon for the challenges of the tomorrow. The...
Persistent link: https://www.econbiz.de/10014108135
Digitalization is one of the key drivers of accelerated change in our everyday lives, both on an economic and social level. With solutions enabled through ICT technologies, we are more connected than ever on the global scale. In this next chapter of globalization, we currently experience...
Persistent link: https://www.econbiz.de/10014033706