Research and development (R&D) is a central driver of long-term economic growth, technological progress, and institutional capacity. Yet many African countries remain marginal in the global knowledge economy, with limited investment in science, technology, and innovation (STI) and weak research...

Corporate Opportunity Waiver (COW) laws permit firms to suspend fiduciary duties related to corporate opportunities. Fich, Harford, and Tran (2023) argue that these laws reduced firm innovation and lowered corporate valuation for research-intensive firms. However, we find that over 90% of the...

Against the backdrop of global energy transition and sustainable development, advancing the new energy industry has become a critical pathway for optimizing energy structures and achieving the dual carbon goals. However, while China's new energy sector has experienced rapid growth, it has also...

This study investigates how skilled labor influences the development of the secondary sector in emerging economies, using China as a case study. We focus on the transitional process in which manufacturing growth shifts from labor-intensive expansion toward productivity-driven industrial...

In the modern globalized context, innovation represents a key driver of economic growth, while international trade plays an important role in fostering it. This study examines the relationship between the degree of trade openness and innovation performance across 27 EU member states over the...

This paper reviews the contributions of the 2025 Nobel Prize in Economics laureates, Joel Mokyr, Philippe Aghion and Peter Howitt, to our understanding of innovation-driven economic growth, situating their work within the broader evolution of modern growth theory and empirical evidence. It...

We quantify the contribution of firm-level technological change to skill demand and aggregate inequality in the presence of imperfect competition in the labor market. We show that skill-biased technological change increases both the firm-level skill ratio and the skill premium, while other...

This paper examines how proposed U.S. restrictions on international students would affect the nation's STEM workforce and long-run economic growth. Focusing on the most common pipeline from U.S. universities to the labor market, we show that international education is the principal mechanism by...

Tourist destinations face increasing spatial, environmental, and social pressures. Therefore, it is necessary to direct the further development of tourism towards achieving overall balance, with a tendency to minimize all negative effects. One possible mechanism for establishing a harmonious...

This study examines administrative employees' perceptions of integrating Artificial Intelligence (AI) into the administration of Greek public universities. Using a cross-sectional online questionnaire administered across three universities (N = 127), we map perceptions across five domains: (i)...

We study the interconnection between the productivity and pricing effects of financial shocks. Combining administrative records on firm-level output prices and quantities with quasi-experimental variation in credit supply, we show that a tightening of credit conditions has a persistent, yet...

This study investigates how data science competencies, conceptualized as the micro-foundations of digital dynamic capabilities (DDCs), combine to influence the development of digital business capability (DBC). Using fuzzy-set qualitative comparative analysis (fsQCA), we examine configurations of...

The over-hyped Dot.com revolution bubbled and crashed at the end of the 1990s, leaving a largely unused physical and virtual infrastructure that eventually supported the rise of social media that did-indeed-transform life. Not necessarily in a good way. As Robert Gordon famously claimed, you can...

The way in which local public administration (LPA) drives innovation, develops sustainable infrastructure, and supports inclusive industrialization, shapes public perceptions of development and institutional legitimacy. This study analyzes how public investment, trust in municipal organizations,...

The economic and legal framework is transforming with the change in the globalization paradigm, accompanied by structural and quantitative changes in intellectual property assessment. This study aims to justify commercialization and analyze the innovation management of intellectual property as a...

This paper provides a non-technical and selective explanation of the theory of innovation and economic growth, in light of the 2025 Bank of Sweden Prize in Memory of Alfred Nobel, awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt. Their body of scholarship is critically evaluated, and the...

Artificial intelligence (AI) is increasingly recognised as a key driver of business innovation, yet its adoption among small and medium-sized enterprises (SMEs) varies considerably. This study examines whether AI Capital, defined as AI-related knowledge, skills and capabilities, is associated...

We examine the long-term labor market impact of the steam engine, an early general-purpose technology, by linking newly digitized 19th-century records from Prussia to modern German labor market data (1975-2019). Regions with a higher concentration of steam engines per worker in 1875 exhibit...

This paper investigates the relationship between institutional and regulatory quality, and high-tech sector investment. Using data from 25 European Union (EU) countries from 2004 to 2019 (extended to 2023 for artificial intelligence-specific analyses), the study examines how institutional...

This study examines how digital competencies, digital human resource management, and organizational culture influence the digital transformation of small and mediumsized enterprises (SMEs) in Lima, Peru. A quantitative, non-experimental, cross-sectional approach was applied to a sample of 307...

This study analyzes how Entrepreneurship Education Programs (EEPs) are discussed in the scientific literature, focusing on their relationship with social entrepreneurship, socioeconomic inclusion, sustainable development, and economic growth. The study adopts a narrative literature review with...

This paper studies how World War I mortality shocks to British communities affected long-run innovation. Linking parish-level military deaths to universal patent data (1895-1979) and inventor records, we compare high- and low-mortality areas. A 10 percent increase in deaths reduces the...

Background: This study examines how an organization's climate for innovation influences employees' affective workplace outcomes through the behavioral mechanism of the innovation process and the quality of Leader-Member Exchange relationships. Methods: Survey data were collected from 567...

This chapter presents a tractable framework for the study of technology adoption and diffusion in the context of economic development. Firms in countries behind the world technology frontier can rapidly adopt new techniques from the world frontier. Lower absorptive capacity (because of weak...

Competitiveness has returned to the fore of European economic policymaking with a vengeance. In this paper, we scrutinize the recent debate on the need for promoting European competitiveness, as prominently diagnosed by the Draghi Report. By disaggregating the overall academic and...

We find that patents registered by multinational enterprises (MNEs) in tax havens help avoid taxes in the EU but fail to increase the total factor productivity (TFP) of EU-located group members. We conclude that many of those patents' prime purpose is not to make technology available and then...

Relatively flat US productivity growth versus rising R&D expenditures is often interpreted as evidence that ideas are getting harder to find. We build a new 45-year panel tracking the universe of US firms' patenting to investigate the micro underpinnings of this conclusion, separately examining...

This paper provides new causal evidence on how patent allowances affect firms and their employees based on quasi-random assignment of patent applications to examiners. Exploiting employer-employee records with newly linked German firm data and web-scraped patent documents, we show that...

This paper provides new causal evidence on how patent allowances affect firms and their employees based on quasi-random assignment of patent applications to examiners. Exploiting employer-employee records with newly linked German firm data and web-scraped patent documents, we show that...

Objective: The article aims to explore the relationships between cultural and innovation ambidexterity and novel business model design (NBMD) and trace their influence on business performance in the context of transition economies. Research Design & Methods: We adopted a cross-sectional survey...

Informational credit rationing is a disequilibrium phenomenon in credit markets, in which price mechanisms fail to allocate credit efficiently due to informational frictions. It is commonly argued that innovative firms are particularly susceptible to credit rationing because innovation may...

Fiscal transparency is a core pillar of open government, yet its implementation at the local level remains uneven. This study investigates how the Open Government Partnership (OGP) contributes to fiscal transparency as a form of public sector innovation through a comparative analysis of local...

Patent pools play a critical role in adapting to new technology standards by simplifying the licensing of Standard-Essential Patents (SEPs). The Avanci 5G pool provides a licensing platform for vehicle manufacturers to access essential technologies for connected vehicles. Despite the growing...

Nowadays, Global Value Chains (GVCs) play a vital role in job creation, income generation, knowledge diffusion, and productivity growth. However, significant disparities exist across countries in terms of their integration into GVCs, and Tunisia is no exception to this pattern. In this regard,...

The real estate market is a complex and dynamic sector that plays a key role in economic stability and wealth generation. In many regions, real estate assets represent around 80% of household wealth, while rising housing prices have turned access to housing into a major social and economic...

This Open Access book illuminates the significant transformation processes brought about by economy-wide shifts towards sustainable modes of production, distribution, and consumption. In particular, the accelerating industrial transformations towards sustainability, in response to global warming...