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discusses the role of industrial policies within an evolutionary view of innovation and learning as drivers of economic … innovation wherein industrial policies play a pivotal role. …
Persistent link: https://www.econbiz.de/10012195687
This paper analyzes how the qualitative change in human labor occurs in mutual dependence with the advancement of the epistemic base of technology. Historically, a recurrent pattern can be identified: humans learned to successively transfer labor qualities to machines. The subsequent release of...
Persistent link: https://www.econbiz.de/10011503534
growth theory that builds on the trade-off between the quantity and the quality of offspring. It suggests that early … sustained technological progress. As a key feature, the theory resolves the debate about a "revolution" in human behavior in an …
Persistent link: https://www.econbiz.de/10011574985
theory-based understanding of this innovation and knowledge of their evolution is still limited. On a basic level, this holds …
Persistent link: https://www.econbiz.de/10013209556
produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing … evaluating optimal near-term innovation investment portfolios in four key clean energy technologies (solar, biofuels … innovation to improve the performance of these technologies. We employ an IAM (WITCH) which has a fairly rich description of the …
Persistent link: https://www.econbiz.de/10011622101
, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …-industry variation in leverage and innovation …
Persistent link: https://www.econbiz.de/10012179627
We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...
Persistent link: https://www.econbiz.de/10011820231
-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable …
Persistent link: https://www.econbiz.de/10014369562
This article tests the effects of fuel economy and greenhouse gas emission standards on the direction of innovation, in … for the years 2000-2016. Our results indicate that standards are a very robust driver inducing clean innovation, whereas … negatively impact dirty innovation. …
Persistent link: https://www.econbiz.de/10012669013
evolutionary economists try to explain and legitimate policy interventions in local, regional or national innovation systems. The … economic policy which is able to overcome the theory-immanent contradiction of the hitherto evolutionary view on this subject. …
Persistent link: https://www.econbiz.de/10011403857