Nowadays it is quite evident that knowledge-based society necessarily involves the revaluation of human and intangible assets, as the advancement of local economies significantly depend on the qualitative and quantitative characteristics of human capital. As we can instantaneously link the...

In this paper we examine strategies of business incubation in the following countries: the USA, Germany and Russia using both a comparative theoretical analysis of different performance criteria of business incubators and interviewing experts who work directly with startup companies. We find...

Human progress, driven by technical advances, increases wealth and well-being in society. However, socioeconomic and technological progress does not always lead to general well-being of people in society. In particular, this study shows some inconsistencies of human progress, technology-driven,...

Development economics emerged as a new theoretical approach that focuses on the re-construction of developing countries as the study focus on improving fiscal, economic and social conditioning. Development economics also do an analysis of developing countries from critical assessment, which...

This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...

This study provides formal theoretical evidence that the concept of 'rates of innovation' is not amenable to imposition of any preference structure, as such is misleading and non-robust. Dearth of robustness derives from the finding that a decreasing rate of innovation can be shown to be...

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth ("strong scale effect") or the level of per capita income ("weak scale effect"), with far-reaching policy implications. However, for modern times there is little empirical support...

This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research and development against established incumbents raises...

Swiss GDP per capita stands amongst the top OECD performers. However, to face medium-term challenges productivity developments will be key to allow the country to maintain its enviable position. Recent trends have not been favourable, with productivity growth underperforming peer countries....