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insights have also been gained as to how entrepreneurship, innovation and knowledge are interrelated. Yet, a comprehensive … understanding is still lacking concerning the interface of all of those variables: knowledge, innovation, entrepreneurship and … relationship between knowledge and growth on one hand, and entrepreneurship and growth on the other. Similarly, more profound …
Persistent link: https://www.econbiz.de/10008626062
The productivity performance of the UK economy in the period 1990-2007 was excellent. Based entirely on pre-crisis data, and using a two-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. But the financial crisis and the Great Recession...
Persistent link: https://www.econbiz.de/10010700733
Information and knowledge are essential to the decision making of firms. However, information is a primitive in the … formation of knowledge. Information and the related concepts of risk and surprise are primarily of importance for rational … decision making while knowledge is a form of (non-material) capital to be used as a resource in the transformation of different …
Persistent link: https://www.econbiz.de/10005190552
This paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global geography. The same economic forces influence simulataneously growth, convergence, and spatial agglomeration and clustering. Economic activity is not concentrated on discrete...
Persistent link: https://www.econbiz.de/10005016794
Knowledge plays a critical role in economic development, still our understanding of how knowledge is created, diffused … viewed knowledge as an exogenous factor. Contemporary current knowledge-based growth models have re-introduced the notion of … the entrepreneur, however stripped of its most typical characteristics, and the diffusion of knowledge is kept exogenous …
Persistent link: https://www.econbiz.de/10005644957
Increased urbanization, global warming and sustainable growth belong to the major contemporary policy challenges. Today cities are home to more than 50% of the world population, the largest 600 urban centers generate about 60% of global GDP, and the agglomerated areas are responsible for 75% of...
Persistent link: https://www.econbiz.de/10010742102