This paper explores the new market-mediating mechanisms linking SU invention on the one hand and economic growth on the other. Two such mechanisms come to our mind under venture capitalism (of which venture capitalism is directly involved only in the first): 1) a systemic rather than haphazard...

Internal labour markets and industrial relations in Continental Europe are characterized by substantial rigidity of employed labour. The rigidity of employed labor adds and augments the irreversibility of fixed capital. This rigidity affects both the rate and the direction of technological...

The features of the industrial system within which innovation processes take place affect the pace and the characteristics of the innovation processes and influence their evolution. The analysis of the industrial structure and of the innovation strategies of firms cannot be separated. The...

This work analyzes the co-evolution of new information and communication technologies and the knowledge-intensive business industry. New information technology affects the actual conditions of information, its basic characteristics of appropriation and tradability, favouring the role of business...

The standard measures of total factor productivity growth assume the neutrality of technological change. When technological change is biased, the matching between tbc factor intensity and the relative factor prices has powerful effects on total factor productivity. This paper presents a novel...