This is a pre-publication version of Creativity: London’s Core Business which was published by the Greater London Authority (GLA) in 2002 and can be found at http://www.london.gov.uk/mayor/economic_unit/docs/create_inds_rep02.pdf. This version omits the technical appendix and foreword in the...

The paper presents an empirical analysis of the innovative activities of business groups in Latin America. It compares the innovativeness of group-affiliated firms (GAFs) and standalone firms (SAFs), and it investigates how country-specific institutional factors – financial, legal, and labor...

The article investigates the impact of clusters on the social environment and the impact of institutional factors on the formation and development of clusters. The authors proceed from the obvious assumption that the basic prerequisite for successful clustering is the development of...

Business model describes the company’s most important activities, proposed value, and the compensation for the value. Business model visualization enables to simply and systematically capture and describe the most important components of the business model while the standardization of the...

This is a pre-publication version of the working paper of the same name, published by the Greater London Authority and available at http://www.london.gov.uk/priorities/business-economy/publications/working-paper-40-londons-creative-workforce-2010-update. It should be cited as “Freeman, A....

According to the open innovation model an effective strategy for increasing innovation and competitiveness of the region should be based on active and multilevel cooperation among operators of the local tourism business environment. It is commonly assumed that an exceptionally important role in...

Cluster initiatives can be classified as government & international organization's interventions in economic processes with the declared purpose of improving the competitiveness of manufacturers due to joining the efforts of the stakeholders. The positive clustering influence on employment and...

Since Arrow (1962), spillovers from pioneer to follower in non-excludable innovations are central to our understanding of endogenous economic growth. Nonetheless, evidence of these spillovers in less-developed economies has been elusive. Our paper contributes by showing novel facts consistent...

In a knowledge economy, innovation is the competitiveness key and the acquisition and dissemination of knowledge in social systems is the result of collaboration between individuals and communities of interest. Managers can not measure the innovative capacity of the organization, but they may...

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...