Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...

Although there seems to be consensus in the literature that venture capital investors increase the innovation output of their portfolio companies, there is little evidence about how investor type (governmental vs. private) and transaction structure (syndicated vs. non-syndicated) moderate this...

We highlight one difference in predictions between Romer's expanding variety model and the Schumpeterian quality-ladder model, when there exists a cash-in-advance (CIA) constraint on manufacturing. In the expanding variety model, a higher nominal interest rate decreases growth, and a negative...

This article intends to present the up-to-date situation of EU and China in the innovation activity and the complementarities and cooperation between them. We analyze also, the evolution in one of the most suggestive results of the innovation, i.e. the international trade with medium and...

We consider a proposal for pharmaceutical patenting policy: namely, for society to grant and purchase the patent of the first of a new class of drug, instead of purchasing the drug, and award no further patents to runner-up drugs, producing or licensing production with price set to maximise...

Green chemistry plays an important role in achieving sustainable development. This study examines the determinant factors for technology invention related to green chemistry in Japan using patent application data and a decomposition analysis framework. Our main findings are that the number of...

Innovation, another important component of this type of economy, constitutes, in turn, an indicator of global competitiveness. In the national and supranational processes and strategies to implementation of regional knowledge–based economy, a leading role is played by universities, turned into...

During the past decade, the preferred medium for advertising has seen a dramatic shift away from print media and other traditional means of distribution. In 2009 alone, it is estimated that advertising spending dropped by between 10 and 20 percent for newspapers, consumer magazines, radio, and...

The purpose of this study is to gather information about the use of ICTs among SMEs by firm size and industry sector and to determine the factors, which are related to the development created by the effective and efficient use of ICTs. In order to study the wide range of ICTs, they are separated...

Modern enterprises face a highly dynamic environment that requires management to integrate distributed and disparate knowledge for effective decision-making. The advent of the Internet has resulted in a trend toward network centric computing. As a result, more of the computing work is delegated...