It is a central tenet in the literature on organizational change that firms need to explore novel courses of action in order to adapt and survive. Should firms thus exhibit a “pro-innovation bias” when evaluating novel decision alternatives? Or should firms rather assess new opportunities as...

We propose an agent-based macroeconomic model (ABM) inspired by the New Keynesian general equilibrium model (NKM, Woodford 2003). We analyse the aggregate economic dynamics resulting from social learning of agents (households and firms). Households’ labour supply and consumption demand, as...

The concept of a learning curve for individuals has been around since the beginning of the twentieth century. The idea that an analogous phenomenon might also apply at the level of the organization took longer to emerge, but it had begun to figure prominently in military procurement and...

Attempt is made to indentify the major issues of knowledge-based economy, which are facing SMEs in Pakistan. Literature review: literature review reveals that Small and Medium Enterprises (SMEs) are playing very important role in the development of economy in Pakistan. Despite of the important...

A kelet-közép-európai országokban - így Magyarországon is - a rendszerváltást követően viszonylag gyorsan kialakultak a piacgazdaság alapvető intézményei és jogi keretei. A gazdasági szereplők magatartása azonban lényegesen lassabban változik. Kutatásunk célja az volt, hogy...

This paper investigates the barriers to innovation perceived by Polish manufacturing firms. It refers to the heterogeneity of innovation active firms. We introduce a taxonomy of innovative firms based on the frequency with which they introduce commercialised innovations using data from both CIS4...