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The financial sector in advanced economies has undergone significant evolution driven by restructuring, globalization, and the digital revolution, which have profoundly shaped its developmental dynamics. This study investigates the forces behind the growth and convergence of the financial sector...
Persistent link: https://www.econbiz.de/10014339316
Inadequacy of technology is a child of structuralism; the concept of a national system of innovation (NSI) is a child …
Persistent link: https://www.econbiz.de/10012716488
Christensen (1997) provided evidence for disruptions in the hard disk drive industry by examining the technological changes of disk drives. By building up the disruption model, Christensen argues that the failures of the established firms in the industry to respond to simple technological...
Persistent link: https://www.econbiz.de/10014049892
In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not so much a lower productivity growth at...
Persistent link: https://www.econbiz.de/10011610943
In this paper we investigate the impact of technological change on inequality in the presence of a landed elite using a standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset of the fertility transition, technological...
Persistent link: https://www.econbiz.de/10012836171
I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an analytically-tractable model in which: (i) uncertainty about the returns to adoption delays technology diffusion; and (ii) the mean and volatility of output growth are jointly determined...
Persistent link: https://www.econbiz.de/10012967954
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be …
Persistent link: https://www.econbiz.de/10011789200
- and human-augmenting technical change. Technical change in a fixed physical world, in turn, requires Schumpeterian …
Persistent link: https://www.econbiz.de/10012914009
patterns has several central components. A key element is the systematic measurement of an artist’s creativity over the course … objective identification of his greatest innovation. This facilitates another key element of the research, the categorization of … contribution incrementally from observation, or deductively, creating his innovation as a consequence of a new idea. These patterns …
Persistent link: https://www.econbiz.de/10014185837
, we empirically analyze the determinants of innovation in electricity generation, and the role of storage in directing … innovation. Our results show that electricity storage increases innovation not only in renewables but also in conventional … technologies. This implies that efforts to increase innovation in storage can benefit conventional, fossil fuel-fired electricity …
Persistent link: https://www.econbiz.de/10011497793