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The central prediction of the Aghion et al. (2005) model is an inverted U-shaped relation between innovation and …-sector firms. However, non-exporting service firms deviate from the overall pattern. A more detailed breakdown of innovation … capacity to handle innovation projects internally and as competition increases, so does the payoff of an edge to competitors. …
Persistent link: https://www.econbiz.de/10010281438
Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
Persistent link: https://www.econbiz.de/10010286745
The purpose of this paper is to explore the determinants of innovative capabilities in Turkish SMEs, with a particular emphasis on the impact of recent changes in science and technology policy. Two different analyses are conducted in order to evaluate both the decision to innovate and the...
Persistent link: https://www.econbiz.de/10010288735
Hayeks frühes Plädoyer zugunsten dezentraler Planung beruht auf seinem innovativen Argument überlegener Wissensverarbeitung, das dem Wettbewerb wichtige gesellschaftspolitische Funktionen zuschreibt. In seinen späteren Schriften hat er herausgearbeitet, wie wichtig der Wettbewerb ist, um...
Persistent link: https://www.econbiz.de/10011733882
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10010427596
to innovation and competition using data from the EBRD-WB Business Environment and Enterprise Performance Survey (BEEPS … competition and innovation have a simultaneous positive effect on labour productivity in terms of either sales or value added per …, exports, or population density. Innovation and foreign ownership appear to be the strongest drivers of multifactor …
Persistent link: https://www.econbiz.de/10011630395
The report summarizes the conditions of the small and medium size enterprises (SME) sector in Georgia, identiies main problems in their development and provides recommendations for further interventions based on the Czech experience, research of existing literature and own survey among SME...
Persistent link: https://www.econbiz.de/10011646652
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
Using data from the U.S. automobile market, we empirically examine the link between competition and innovation …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market … this an interesting market to examine the link between competition and innovation. We use firm-level time-series data over …
Persistent link: https://www.econbiz.de/10011388173