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We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
Persistent link: https://www.econbiz.de/10011753212
The investigation of the determinants of economic growth plays an important role forour understanding of the sources of cross-country income differences. This paper analyzesthe effects of institutions and innovations on country productivity growth. The empiricalevidence shows that institutions...
Persistent link: https://www.econbiz.de/10010312133
The paper examines implications of endogenous growth theory on the relationship between firm productivity, innovation … as well as productivity growth by combining infirmation on firm-level innovation (CIS) with accounting data for a large … endogeneity of innovation (Crä¿»on-Duguet- Mairesse - CDM - approach) and idiosyncratic firm characteristics (matching and average …
Persistent link: https://www.econbiz.de/10010313292
Using firm-level innovation data for a large sample of Slovenian firms in the period 1996-2002, the paper finds … surprising results that innovation is not benefitting all firms. We find that only manufacturing firms with below average … productivity growth (the lowest four deciles) are likely to experience significant benefits from successful innovation, while …
Persistent link: https://www.econbiz.de/10010313335
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010315207
framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …
Persistent link: https://www.econbiz.de/10012148199
Since the financial crisis in 2008, slow growth has riddled Europe and the Covid-19 pandemic is amplifying the challenge. Promoting economic growth and transforming to a more knowledge-based industrial structure will be high on the agenda for the coming decades. We study how more and better...
Persistent link: https://www.econbiz.de/10012493003
specific needs of targeted markets. All these developments are leading to the globalization of innovation. Based on recent … reference model for chances and challenges of global innovation activities. …
Persistent link: https://www.econbiz.de/10010308112
The importance of a focus on mobility and the kilometres travelled using light duty vehicles is reflected in the persistence of strong demand for personal mobility and emissions that tend to be linked with population and economic growth. Simulation results using the WITCH model show that changes...
Persistent link: https://www.econbiz.de/10010294344
The fact that Europe is lagging behind in comparison with its main competitors in the research and innovation … finally the follow-up communication of the Commission presenting a broad-based innovation strategy for the EU. …
Persistent link: https://www.econbiz.de/10010322154