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innovations capable of ensuring successful competitiveness Competitiveness stems from building capabilities necessary to sustain …
Persistent link: https://www.econbiz.de/10015411650
technological innovations, and implementing sustainable practices. The study also highlights the importance of forming strategic …
Persistent link: https://www.econbiz.de/10015214434
This is the first published general refutation of the Okishio theorem. An earlier refutation based on a specific example was published by Kliman and McGlone in 1988. Okishio’s theorem, published in 1961, asserts that if real wages stay constant, the rate of profit necessarily rises in...
Persistent link: https://www.econbiz.de/10015219983
This paper empirically analyzes whether a prominent place-based innovation policy, the institution of the Italian Institute of Technology (IIT), has affected the treated region innovative capacity. By relying on the Synthetic Control Method (SCM) approach and Italian NUTS-3 regional panel data,...
Persistent link: https://www.econbiz.de/10015236010
We analyze the role of risk-sharing institutions in transitions to modern economies.Transitions requires individual-level risk-taking in pursuing productivity-enhancing activitiesincluding using and developing new knowledge. Individual-level, idiosyncratic risk implies thatdistinct risk-sharing...
Persistent link: https://www.econbiz.de/10009360535
This research explores the effects of distance to the pre-industrial technological frontiers on comparative economic development in the course of human history. It establishes theoretically and empirically that distance to the frontier had a persistent non-monotonic effect on a country's...
Persistent link: https://www.econbiz.de/10015259448
Indeed, the world economy is a complex system that has undergone many different phases in the past century. Particularly, the African economy is undergoing a series of transformations (transitions) that subject the future to considerable uncertainty, complexity and unpredictability. In fact,...
Persistent link: https://www.econbiz.de/10015265307
This paper leverages on the establishment of Italian Institute of Technology (IIT) as a policy change useful to understand the causal effect of public funded research centres on the regional innovative capacity. By relying on the Synthetic Control Method (SCM) approach and Italian NUTS-3 panel...
Persistent link: https://www.econbiz.de/10015267745
results regarding the factors that drive firm-level innovations, despite the increasing importance placed on innovation …, have a negative impact on the introduction of non-technological innovations, as indicated in the research findings …. Additionally, the results indicate that both technological and non-technological innovations are positively impacted by formal …
Persistent link: https://www.econbiz.de/10015269845
As the legislation on foreign direct investment (FDI) in Hungary has been probably the most liberal in Central and Eastern Europe since the mid-1980s, FDI is the primary form chosen by Western firms to enter the Hungarian market. The major channels of FDI include the privatisation of former...
Persistent link: https://www.econbiz.de/10015250046