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the sustainable economic impact of innovations on socio-economic systems. The metrics is applied on the innovation of … catalytic converter technology and the results show a positive impact of this innovation on geo-economic environments. This …
Persistent link: https://www.econbiz.de/10013026330
This article will illustrate how a Strategic Corporate Innovation Management™ system can generate shareholder … illustrate there is also a direct correlation between the introduction of new inventions in the market (as corporate innovation … corporate innovation and shareholder confidence.Tesla Motors’ historic share price was analyzed in comparison with product …
Persistent link: https://www.econbiz.de/10014108124
The rapid productivity gains achieved by technological innovations in the 20th century have slowed in recent decades. This has come at a time of increased market concentration. In this paper, I explore how dominant companies in concentrated sectors have siphoned off inventors that might have...
Persistent link: https://www.econbiz.de/10014244203
Ever since the dire predictions of The Limits to Growth (Meadows & al. 1972) failed to come true on time, it's been all too easy to ridicule environmentally-based arguments against economic growth as pessimistic and "Malthusian." In contrast, this paper accepts, for the sake of argument, the...
Persistent link: https://www.econbiz.de/10014189105
The article starts with a brief description of Mises’ monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is...
Persistent link: https://www.econbiz.de/10010226596
This paper introduces inventories in an otherwise standard dynamic stochastic general equilibrium model. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. Based on U.S. data we estimate the parameters of our model...
Persistent link: https://www.econbiz.de/10010243418
The 100%-Money Plan advocated by Fisher (1936) has a Misesian flavor as it aims at mitigating intertemporal discoordination by reducing (i) the discrepancy between investment and voluntary savings, and (ii) the manipulation of interest rates by monetary injections. Recent proposals to adopt the...
Persistent link: https://www.econbiz.de/10010493610
The recent financial crisis has put the spotlight on the rapid rise in credit which preceded it. In this paper, we provide an empirical and theoretical analysis of the credit boom and the macroeconomic context in which it developed. We find that the boom was unusually long and associated with...
Persistent link: https://www.econbiz.de/10003843801
In standard models, economic activity fluctuates symmetrically around a "natural rate'' and stabilization policies can dampen these fluctuations but do not affect the average level of activity. An alternative view – labeled the "plucking model'' by Milton Friedman – is that economic...
Persistent link: https://www.econbiz.de/10012843411
The recent oil price fall has created concern among policy makers regarding the consequences of terms of trade shocks for resource-rich countries. This concern is not a minor one - the world's commodity exporters combined are responsible for 15-20% of global value added. We develop and estimate...
Persistent link: https://www.econbiz.de/10012960220