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One way of thinking about research and development is to recognise that firms are trying to solve particular design problems. We often build these design problems into our models, but are forced to oversimplify them in order to make the models solvable. The approach taken in this paper is to...
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Government is studied as supporter of science and of the transformation of scientific discoveries into new technology and firm formation. The importance of scientific discovery outside academe is recognized as is the experimental nature of the transformation process entailing frequent business...
Persistent link: https://www.econbiz.de/10005622498
international corporate networks for technological development. Such profits through innovation are encouraged by newer more …
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This paper sheds light on the questions, Why does knowledge spill over? and How does knowledge spill over? The answer to these questions we suggest lies in the incentives confronting scientists to appropriate the expected value of their knowledge considered in the context of their path-dependent...
Persistent link: https://www.econbiz.de/10005760567
<Para ID="Par1">Increasingly, innovation is conceived in a context of conventions or rules and complexity. However …, there is a need for a theoretical basis that describes the innovation process based on complexity. In this essay, we propose …. Two gaps are identified in the innovation process: the first is related to the simplicity with which complexity is …
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of the finance-innovation nexus, analyzing the feed-back effects between the real and financial sides of the economic … technological change, demand and finance along the structural change process triggered by technological innovation. Copyright …
Persistent link: https://www.econbiz.de/10010794993