research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …

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 …

data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regio nal …

Australia during the period from 1980 to 2012. The study uses the autoregressive distributed lag (ARDL) bounds testing approach … development indices to measure the level of financial sector development in Australia. These indices were computed using the means … impact on economic growth in Australia, market-based financial development has no significant impact on economic growth, both …

We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …

This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper …

Entrepreneurs are a rare species. Even in innovation-driven economies, only 1–2% of the work force starts a business in …. The gains of entrepreneurship are only realized, however, if the business environment is receptive to innovation. In …