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Globalization brings both good and bad job news. The bad news is that jobs will be outsourced from high-cost developed countries into lower-cost locations as soon as the associated economic activity becomes mechanized and predictable. The good news is that globalization creates opportunities...
Persistent link: https://www.econbiz.de/10011573609
and innovation within the German economy. …
Persistent link: https://www.econbiz.de/10010261491
Industrialization has long been seen as the answer to underdevelopment and poverty. First this led countries to follow protectionist import substitution policies but as these failed developing countries have opened up to trade and FDI and tried to follow strategies of export driven...
Persistent link: https://www.econbiz.de/10010273444
This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal can stop the contest in any period, (ii) a constant...
Persistent link: https://www.econbiz.de/10012056815
combine the best aspects of innovation races and research tournaments. …
Persistent link: https://www.econbiz.de/10011663194
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10010263845
The purpose of this paper is to introduce a series of articles on the linksbetween innovation, the evolution of … Innovation, Industry Evolution and Employment published by CambridgeUniversity Press in 1999. The continued rising unemployment … the former, while the continental Europeans have chosen thelatter. The purpose the thirteen articles of Innovation …
Persistent link: https://www.econbiz.de/10010324513
Persistent link: https://www.econbiz.de/10011279545
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10011282467
innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10010266651