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Innovation outcomes are typically linked to measurable resources such as R&D expenses and the number of researchers …. However, we show that innovation outcomes are also significantly influenced by the National Innovation System, an aspect often … overlooked in the existing literature. The National Innovation System encompasses challenging-to-measure resources such as the …
Persistent link: https://www.econbiz.de/10015213400
Although microfinance has played a significant role in providing a wide range of financial products and services, many microfinance institutions (MFIs) in Kenya still face major challenges with efficiently and effectively delivering microfinance services in the country. As the demand for these...
Persistent link: https://www.econbiz.de/10015213412
Expenditures on healthcare and employment in the healthcare sector have been steadily increasing across OECD countries for many years. This shift of expenditure and employment towards a consistently found to be less productive sector has often been associated with the idea of Baumol’s (1967)...
Persistent link: https://www.econbiz.de/10015213432
This paper analyzes the relationship between demographic change and automation while taking the role of education into account. This is illustrated by incorporating skilled and unskilled labor into a theoretical model. If labor supply by households decreases, for example, due to demographic...
Persistent link: https://www.econbiz.de/10015213434
In this study, we conducted a comprehensive analysis of the interplay between domestic investments, exports, and economic growth in Australia from 1972 to 2021. The Vector Error Correction Model (VECM) provided insights into short-term and long-term dynamics, highlighting how deviations from...
Persistent link: https://www.econbiz.de/10015213816
This study investigates the causal relationship between domestic investment and economic growth in Argentina over the period 1980-2022, utilizing cointegration analysis and a Vector Error Correction Model (VECM). The empirical results indicate that domestic investment has no significant...
Persistent link: https://www.econbiz.de/10015213916
This paper investigates the optimal behavior of the main real macroeconomic variables in a Dynamic Stochastic General Equilibrium (DSGE) framework augmented with a time-varying depreciation rate of capital stock and an endogenous production of maintenance goods. For this purpose I explicitly...
Persistent link: https://www.econbiz.de/10015213946
Postwar data reveals significant co-movement between net firm entry and private consumption conditional on a government spending shock. We construct and estimate an equilibrium model that matches this observation both in a qualitative sense and with an eye towards replicating the quantitative...
Persistent link: https://www.econbiz.de/10015214067
The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...
Persistent link: https://www.econbiz.de/10015214329
This study aims to analyze the relationship between women’s empowerment and poverty, topics that are part of the UN Sustainable Development Goals. An analysis of Afghanistan is evaluated through Ordinary Least Square over a time period from 2005-2019, which presents that education and health...
Persistent link: https://www.econbiz.de/10015214392