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In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
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Economic growth depends not only on how people make decisions but also upon how their decisions are coordinated. Because of this, aggregate outcomes can diverge from individual intentions. I illustrate this with reference to the modern literature on economic growth, and also with reference to an...
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recently developed concept of Dedicated Innovation Systems (DIS). We conclude that traditional macro-level indicators are not …
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-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a …pt. I. Industry and innovation -- pt. II. Finance in modern economics -- pt. III. The public sector and the future of …
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We present the results of an empirical study of the national innovation systems of countries in the Iberian Peninsula … previous approaches that used cluster analyses as a methodological framework to analyze national innovation systems from a CSNE … perspective, we use a novel approach based on multicriteria decision analysis (MCDA) to rank innovation performance. We show how …
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