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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
This paper examines the impact of investment in research and innovation on Australian market sector productivity. While … productivity. Moreover, the paper pays special attention to the role played by public support for research and innovation in the … innovation policy as they provide insights into possible productivity gains from government funding reallocations …
Persistent link: https://www.econbiz.de/10013058439
We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012964161
We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012982867
Persistent link: https://www.econbiz.de/10011740385
Persistent link: https://www.econbiz.de/10013447945
-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10009007836
Persistent link: https://www.econbiz.de/10014252494
Political competition between European countries has often been viewed as being a stimulus to the innovation process … politically by innovation and hence face a trade-off between the stability of their regime and keeping up with their rivals. The …
Persistent link: https://www.econbiz.de/10014109173