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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
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Defensive Innovations
Koeniger, Winfried - 2002
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
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Culture, institutions and the wealth of nations
Gorodnichenko, Yuriy; Roland, Gérard - 2010
-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10009007836
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Growing out of the crisis : hidden assets to Greece's transition to an innovation economy
Herrmann, Benedikt; Kritikos, Alexander - 2013
innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU …
Persistent link: https://www.econbiz.de/10010128350
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Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector
Welfens, Paul J. J. - 2015
capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
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Inputs, incentives, and self-selection at the workplace
Amodio, Francesco; Martinez-Carrasco, Miguel A. - 2019
This paper studies how asymmetric information over inputs affects workers' response to incentives and self-selection at the workplace. Using daily records from a Peruvian egg production plant, we exploit a sudden change in the worker salary structure and find that workers' effort, firm profits,...
Persistent link: https://www.econbiz.de/10012147088
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Coordination under the shadow of career concerns
Koch, Alexander K.; Morgenstern, Albrecht - 2009
To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...
Persistent link: https://www.econbiz.de/10003816581
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Financial constraints and innovation : why poor countries don’t catch up
Gorodnichenko, Yuriy; Schnitzer, Monika - 2010
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. -- Innovation …
Persistent link: https://www.econbiz.de/10003941706
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Engineers, innovative capacity and development in the Americas
Maloney, William F.; Caicedo, Felipe Valencia - 2014
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10010370094
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Social capital, innovation and growth : evidence from Europe
Akçomak, I. Semih (contributor); Weel, Bas ter (contributor) - 2008
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10003656921