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This paper explores the growing importance of intangible assets as a potential source of innovation and productivity gains, and the contribution of efficient resource allocation to this process. Realising the growth opportunities implied by intangible assets depends on the ability to reallocate...
Persistent link: https://www.econbiz.de/10011276904
[ES] El objetivo de este artículo es analizar el papel que desempeñan las innovaciones en la actividad económica. En este sentido, se muestra la relación que existe entre innovaciones y crecimiento económico, como objetivo esencial actual de la política económica para reducir el desempleo...
Persistent link: https://www.econbiz.de/10011277676
both trade and foreign direct investment and thereby get a better understanding of complex international investment, trade … and FDI dynamics – including with respect to the envisaged Transatlantic Trade and Investment Partnership. …
Persistent link: https://www.econbiz.de/10011265664
Innovation is often seen as carried out by highly educated labour in R&D intensive companies with strong ties to leading centers of excellence in the scientific world. Seen from this angle innovation is a typical “first world” activity. There is, however, another way to look at innovation...
Persistent link: https://www.econbiz.de/10004966286
In this paper, we analyze how skilled migration contributes to TFP growth in the sending countries when diaspora effects in technology diffusion are introduced. To investigate this issue, we start from a previous paper by Vandenbussche, Aghion and Meghir (2006), who examine the contribution of...
Persistent link: https://www.econbiz.de/10004972581
Over the last two decades EU countries experienced diverging productivity growthdevelopments. By examining the sources of EU countries growth drivers on the sectorallevel, the paper takes a new look on the influence of innovations. While standard neoclassicalNon-ICT capital deepening turns out...
Persistent link: https://www.econbiz.de/10005013223
pursue an investment-based strategy, with long-term relationships, high average size and age of firms, large average … short-term relationships, younger firms, less investment and better selection of managers. We show that relatively backward … economies may switch out of the investment-based strategy too soon, so certain economic institutions and policies, such as …
Persistent link: https://www.econbiz.de/10005789082
We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
Persistent link: https://www.econbiz.de/10005792315
We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer to the technological frontier under the reasonable...
Persistent link: https://www.econbiz.de/10005792394
This paper provides new evidence on the relationship between innovation, competition and distance to the technology frontier, using enterprise surveys from 40 developing and transition countries. Different from previous empirical studies, the distance to frontier is measured by a firm's...
Persistent link: https://www.econbiz.de/10008568450