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The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10005765221
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10005504210
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10005865018
New knowledge in the form of products, processes and organizations leads to opportunities that can be exploited … commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that … "knowledge filter" between new knowledge and economic knowledge and identifies both new ventures and incumbent firms as the …
Persistent link: https://www.econbiz.de/10010271747
New knowledge in the form of products, processes and organizations leads to opportunities that can be exploited … commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that … "knowledge filter" between new knowledge and economic knowledge and identifies both new ventures and incumbent firms as the …
Persistent link: https://www.econbiz.de/10005247891
knowledge. If formal institutions are weak, however, the economy does not take off but stagnates at an intermediate income level …
Persistent link: https://www.econbiz.de/10013114208
knowledge. If formal institutions are weak, however, the economy does not take off but stagnates at an intermediate income level …
Persistent link: https://www.econbiz.de/10013107902
This paper discusses the relationship between the data economy and economic development and examines the benefits and challenges for emerging economies. In particular, it examines the market concentration and offers some reasoning for why we should expect that the data economy may end up...
Persistent link: https://www.econbiz.de/10012822519
There has recently been a resurgence of interest in how institutions affect economic performance. A review of this literature reveals that the concept of an 'institution' means different things to different scholars, both within economics and across the social sciences. This paper discusses what...
Persistent link: https://www.econbiz.de/10014056548
Persistent link: https://www.econbiz.de/10002524529