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The Radical Innovation Investment Decision Refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …
Persistent link: https://www.econbiz.de/10010791525
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Industrialization Lessons from BRICS: A Comparative Analysis
Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010884080
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Entrepreneurship and Economic Development: Theory, Evidence and Policy
Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
This paper provides an overview of the state of the art of the intersection of development economics and entrepreneurship. Given the relative neglect of entrepreneurship by development scholars it deals with (i) recent theoretical insights from the intersection of entrepreneurship and...
Persistent link: https://www.econbiz.de/10010884187
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Skill Variety, Innovation and New Business Formation
Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Institute for the Study of Labor (IZA) - 2014
that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …
Persistent link: https://www.econbiz.de/10010884235