This study investigates the relationship between innovations and firm growth, based on the data of Finnish firms operating in the software industry. We find that in terms of turnover and employment, firms with only technological innovations do not grow more rapidly than other firms. However,...

In view of the risk of a slowdown in potential growth and the already extensive implementation of monetary and fiscal stabilisation policies following the financial crisis, the structural policies that are likely to boost growth are at the heart of economic policy debates.

It is well known that both "Silicon Valley" and "Route 128 Boston" owe much of their success ot the proximity of Stanford University and MIT. Knowledge spillovers from large research universities contribute to increasing returns, resulting in divergent development between clusters. This...

The paper aims to assess the impact of research and development on innovativeness of the country as research and development is one of the main drivers of economic development and creation of modern knowledge based economy stipulating efficient use of natural resources and reducing negative...

This study investigates China’s tedious but patient path to development. Starting with the milestone year 1985, China’s first major step was to completely reform its science and technology (S&T) management system. This was followed up with the implementation of an ambitious long-term...

The aim of the current paper is to estimate the need for new PhDs in the Estonian academic sector for the 5-year period 2007-2012 using a survey of employers, such as universities, institutions of applied higher education and research institutes. The doctoral workforce in all countries around...

Green chemistry plays an important role in achieving sustainable development. This study examines the determinant factors for technology invention related to green chemistry in Japan using patent application data and a decomposition analysis framework. Our main findings are that the number of...

In view of the increasing importance of private research in the Czech economy and elsewhere in Europe, this paper attempts to quantify the effect of private R&D on economic growth by applying a Computable General Equilibrium (CGE) model which incorporates the effects of capital varieties...

Technology transfer and, more broadly, knowledge spillover from universities to industry has become increasingly studied as universities have become charged with driving local economic growth. This study offers several empirical improvements over prior efforts to measure the aggregate local...

Within the debate that involves the application of a tax discipline in the EMU, some authors have questioned the adequacy of the use of the same tax rules for all the different member states, appealing to a more temporary tax flexibility for the small and less developed countries. For such...