This paper proposes a model that explains both recently documented facts about the decline of disruptive innovation and the decline in productivity growth as the result of large firms trying to monopolize technologies by poaching inventors from disruptive activities. To come to this conclusion,...

Purpose: Disruptive innovation has been considered an important input to the economic growth of a business operation. Responding to the changing landscape towards disruptive innovation resulting from advanced technological development, the UAE government has started to focus seriously on the...

We explore the economic diffusion radius of high-speed railway (HSR) stations. Using spatial differences-in-differences (DID) method, we find that the openings of HSR stations can promote enterprises’ performance within 20 kilometers. We also observe a heterogeneity of the effect in different...

The maritime shipping industry will increasingly switch to low carbon fuels and adopt energy saving technologies (ESTs) to achieve the industry target of decarbonization. Among ESTs, deck equipment, including those based on wind propulsion technologies (WPTs), represents the largest potential...

A Smoluchowski type model of coagulation in a turbulent fluid is given, first expressed by means of a stochastic model, then in a suitable scaling limit as a deterministic model with enhanced diffusion in the velocity component. A precise link between mean intensity of the turbulent velocity...

Innovation and investment are critical to economic growth. In this article, we address the complex task of evaluating the capacity of regional innovation to increase investment and generate spillovers in regions of the European Union (EU) from both spatial and temporal perspectives. Using panel...