Showing 1 - 10 of 52,152
Conditional efficiency captures efficiency of firms facing heterogeneous environmental conditions. Traditional approaches estimate nonparametrically conditional distribution requiring smoothing techniques. We rather use a flexible nonparametric location-scale model to eliminate the dependence of...
Persistent link: https://www.econbiz.de/10011052211
Persistent link: https://www.econbiz.de/10010256188
Persistent link: https://www.econbiz.de/10012299540
Persistent link: https://www.econbiz.de/10013380737
Despite the growing acknowledgement that entrepreneurship is an important driver of regional innovation and growth, the … that the relationship between entrepreneurship, innovation and regional growth is governed by a series of network dynamics …. Drawing upon aspects of endogenous growth theory and the knowledge spillover theory of entrepreneurship, it is proposed that …
Persistent link: https://www.econbiz.de/10011241921
Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge …-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have …. This paper therefore assesses the effect of spillovers in driving per capita output growth taking into account the role of …
Persistent link: https://www.econbiz.de/10011251881
(Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration … institutions are needed to keep entrepreneurs in check. A gradual take-off to perpetual growth is explained by a feedback effect … stagnation differs from balanced growth by the presence of relatively many small firms of low productivity. …
Persistent link: https://www.econbiz.de/10011255851
This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and … perpetual growth is explained by a feedback effect from investment to the formation of long-distance links and the diffusion of …. Structurally, the equilibrium of stagnation differs from balanced growth by the presence of relatively many small firms of low …
Persistent link: https://www.econbiz.de/10009245598
Directed technological change (DTC) concerns how stocks of factor-augmenting knowledge evolve relative to each other. We model investment in factor-augmenting knowledge at firm level, and show that relative investment rates depend on the relative factor shares and elasticities. Furthermore, we...
Persistent link: https://www.econbiz.de/10010662384
bearing on their growth rates. The present paper analyses the hypothesis that the types of imported capital goods and the … sources of their origin matter for growth. We construct a new index that measures the level of knowledge embodied in a country … the year 1995, leads to high growth rate of per capita income in the subsequent years during 1995~2005, that is, 10 …
Persistent link: https://www.econbiz.de/10010840703