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, because they can deal properly with innovation processes, technological change, path-dependence and knowledge. But in order to …
Persistent link: https://www.econbiz.de/10005518537
' preferences. Through this permanent process of variation and selection of hypotheses (innovation / imitation) a process of … periods which consist of an innovation and an imitation phase are simulated. We presume that decentrality is crucial for the …
Persistent link: https://www.econbiz.de/10005518573
The economic evolution and production has been subject to major shocks and structural changes during the last decades. Beside the standard production factors such as the capital and labour force new production factors for taking into account technological progress and knowledge production and...
Persistent link: https://www.econbiz.de/10005518589
This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firms distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply semi-parametric...
Persistent link: https://www.econbiz.de/10005518680
This paper offers a sketch of what an economic theory of the firm would look like if it were founded on the thought of Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an intuitively appealing and realistic conceptualization...
Persistent link: https://www.econbiz.de/10005518699
appear to be vast differences in the organizational practices leading to more innovation both between small and large firms …, and between the firms that operate in high- and low-tech industries. While innovation in small firms benefits from the … incentive for innovation among the sampled companies seems to be the ownership of a firm's stocks by employees and/or managers …
Persistent link: https://www.econbiz.de/10005518701
We explore the joint determination of product differentiation strategy and corporate leverage in a setting where (i) product differentiation is valued by customers; (ii) debt is necessary to discipline managers; and (iii) liquidation is costly for customers, in particular, when products are...
Persistent link: https://www.econbiz.de/10005518845
Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given inadequate attention to the broader ramifications of productivity, both in terms of shedding light on the importance of productivity for the advancement of various aspects of social...
Persistent link: https://www.econbiz.de/10005518911
on the linkages between open and competitive markets (competitive intensity) and innovation and productivity growth. The … competitive intensity, innovation and productivity. The second section examines relevant empirical work that has been done on the … the international case studies of the effects of open and competitive markets on innovation and productivity. The report …
Persistent link: https://www.econbiz.de/10005518941
In this article, as part of the symposium on total factor productivity, Erwin Diewert of the University of British Columbia provides a comprehensive discussion of what is needed to develop reliable measures of total factor productivity in terms of output and the different classes of inputs. He...
Persistent link: https://www.econbiz.de/10005518958