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We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the...
Persistent link: https://www.econbiz.de/10010330288
vertical innovations and that faces a constraint with respect to total R&D spending. We find that there can exist two different …
Persistent link: https://www.econbiz.de/10011661603
Researches in this study refer to practical application of innovative concept of visualization as a concept of tourist services through new information technologies and their impact on quality of tourist agency offer. Furthermore, the study contains a brief overview of the most frequently...
Persistent link: https://www.econbiz.de/10011920306
Innovations are fast changing the agricultural landscape driven by the increasing need to shift towards sustainable … practices without sacrificing the productivity and profitability of farming. Innovations in technology, institutions, processes … Africa, as observed in the cases of green revolution in cereals; and gene revolution in cotton. More recently, innovations in …
Persistent link: https://www.econbiz.de/10011936320
The article addresses the issue of identifying some determinants regarding the growth of high-tech exports at the European level, as a starting point in the creation of long-term added value. In this study, the relationship between the endogenous variable high-tech exports and the exogenous...
Persistent link: https://www.econbiz.de/10014632144
The article tackles the question of the ever growing importance of soft factors of production in the process of competitive advantage for contemporary enterprises. This condition has resulted of turbulent environment characterized by increasing competition, generalized uncertainty and...
Persistent link: https://www.econbiz.de/10012232297
The article presents the results of management quality survey in Russian clusters that reveals specifics of cluster support policy in Russia. We compare 22 Russian clusters, supported by the Government, using series of indicators measuring cooperation intensity of cluster participants and...
Persistent link: https://www.econbiz.de/10012232388
Rapid and constant development of technology and social media drive every-day changes in the retail sector, modifying behaviour and power of consumers, whereby traditional brick and mortar stores are facing the risk to become obsolete. E-commerce and m-commerce offer to customer a more...
Persistent link: https://www.econbiz.de/10011724964
According to Schumpeter, the creative process of economic development can be divided into three distinguishable stages of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian entrepreneur to also include the inventor in the innovation...
Persistent link: https://www.econbiz.de/10010320081
Nowadays, creation, exchange and transfer of knowledge (CETK) are turning into the most significant activity for companies. This article sheds light on Swedish and Bulgarian companies within a mature industry in terms of their knowledge flows for collaboration and innovation. Companies from the...
Persistent link: https://www.econbiz.de/10010289429