Showing 1 - 10 of 15
New knowledge generated by an economic agent in a region will tend over time to flow to other economic agents in the same region but also to economic agents in other regions. It is quite common in the literature to use the concept of knowledge spillovers for such knowledge flows, irrespective of...
Persistent link: https://www.econbiz.de/10010742097
The U.S. is traditionally viewed as an economy driven by entrepreneurs, whereas the Swedish model is associated with high welfare ambitions and less focus on entrepreneurial activities. This paper seeks to empirically investigate whether the connection between entrepreneurship and growth at the...
Persistent link: https://www.econbiz.de/10005644926
-industry restructuring in productivity growth, few studies have gone beyond the framework of the representative firm in examining convergence …
Persistent link: https://www.econbiz.de/10005749364
Using a neo-classical growth model, we analyse the real and nominal GDP per capita convergence of 21 emerging market … physical capital intensities in the long run. Due to standard-convergence in the model, catching up will continue at a … decelerating speed. Also nominal convergence in prices that will lead to a real appreciation of the EME currencies with respect to …
Persistent link: https://www.econbiz.de/10005700340
This paper proposes a simultaneous-equation approach to the estimation of the contribution of transport infrastructure accumulation to regional growth. We model explicitly the political-economy process driving infrastructure investments; in doing so, we eliminate a potential source of bias in...
Persistent link: https://www.econbiz.de/10002424392
Persistent link: https://www.econbiz.de/10000830836
The purpose of this paper is to estimate the effect of durable goods and ICT on Euro Area economic growth and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of consumer durables impacts both the levels and growth rates of the...
Persistent link: https://www.econbiz.de/10005566090
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...
Persistent link: https://www.econbiz.de/10005190552
This paper asks three explicit questions, where the first one concerns the impact of a firm’s choice of innovation strategy and knowledge resources. The study aims at confirming that firms with a strategy with R&D persistency have a markedly higher productivity, profitability and wage level...
Persistent link: https://www.econbiz.de/10008678179