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We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10005670440
innovation. Unlike previous literature based on survey data, we exploit the observed pattern of contributions - the .revealed …
Persistent link: https://www.econbiz.de/10005670637
belief in the innovation-boosting effect of product market deregulation such as taken into account in the Lisbon Strategy. …
Persistent link: https://www.econbiz.de/10005670866
Entrepreneurship may not be good for growth. We study the role of entrepreneurship in the context of an endogenous growth model. the exercise of entrepreneurship has two features in our model: (i) Entrepreneurs do not carry out research, instead, they select projects from the researchers, and...
Persistent link: https://www.econbiz.de/10005673131
understanding the CEE convergence process. Based on a genuinely adopted innovation driven endogenous growth model, expected effects …
Persistent link: https://www.econbiz.de/10005673492
Persistent link: https://www.econbiz.de/10005674312
The paper analyses the effects of innovations, technological specialisation and technology diffusion on economic growth and convergence of the EU countries from 1969 to 1998. The empirical analysis is based on a panel data model, which enables us to assess the impacts of these three factors as...
Persistent link: https://www.econbiz.de/10005674513
Franchises are peculiar in two ways: first, the authority of franchisees is largely informal rather than formal. The efficiency of franchises is often attributed to their initiative and autonomy. Yet, in franchise contracts, franchisees agree to submit to the sometimes arbitrary will of the...
Persistent link: https://www.econbiz.de/10005783775
We explore the consequences of the utility requirement on speed of innovation and welfare. A weak utility requirement … stage innovation with free entry and trade secrecy, we identify cases when patentability is beneficial to society. Although … and innovation costs are high. However, patentability becomes less desirable as basic research costs decrease. We also …
Persistent link: https://www.econbiz.de/10005783918
We examine the impact of internal and external R&D on labor productivity in a 6-year panel of 304 innovating firms. We apply a dynamic linear panel data model that allows for decreasing returns to scale in internal and external R&D with a non-linear approximation of changes in the knowledge...
Persistent link: https://www.econbiz.de/10005783919