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theory are used here as reference points insearch of self-renewal capacity. The results show that endogenous growth theory … gives moreroom for self-renewal capacity than does neoclassical growth theory, but, nonetheless,several questions, such as …
Persistent link: https://www.econbiz.de/10005870671
The 2007-2008 financial crises has made it painfully obvious that markets may quickly turn illiquid.Moreover, recent experience has shown that distress and lack of active trading can jump “around”between seemingly unconnected parts of the financial system contributing to transforming...
Persistent link: https://www.econbiz.de/10005870697
The recent financial crisis has accentuated the fact that extreme outcomes have been overlookedand not dealt with adequately. While extreme value theories have existed for a long time, themultivariate variant is difficult to handle in the financial markets due to the prevalentheteroskedasticity...
Persistent link: https://www.econbiz.de/10005870713
Forbes and Rigobon (2002) claim there was no contagion among international stock markets duringthe 1997 Asian crisis, with contagion being defined as an increase in dependence. We revisit thisissue using a more robust methodology based on copula. After controlling for heteroskedasticitywith the...
Persistent link: https://www.econbiz.de/10005870370
There is no doubt that innovation is nowadays the main determinant ofeconomic growth and that the human resource is as … labourmarket rigidities in the explanation of cross-countries differences in innovation andgrowth performances, and calls for … of a moregeneral policy consensus on competitive markets as the engine of innovation and onmonopolistic distortions as …
Persistent link: https://www.econbiz.de/10005870612
level of competition in an industry and the level of innovation inthat industry. Thus, when consolidation changes the level … of competition in an industry wemight expect this to have implications for the level of innovation in that industry. The … industry innovation through funding R&D by industry and in itsown research facilities. We present data on changes to the …
Persistent link: https://www.econbiz.de/10005870628
and form of intellectualcompetition, innovation and coordination in the public sciences. However, the nature …
Persistent link: https://www.econbiz.de/10005870633
The literature on Regional Systems of Innovation (RSI) has produced an extensivebody of research in recent years and … institutional, systemic andevolutionary approaches to innovation and learning.... …
Persistent link: https://www.econbiz.de/10005870667
articulated in relationto the dynamics of medical innovation and enriched by an empirical study on the long-termevolution of …
Persistent link: https://www.econbiz.de/10005870672
Different ways of competing in markets came to dominate particular sectors, regions and national market economies in the postwar period as a result of variations in market conditions, technological regimes and institutional contexts. These varied in terms of production volumes, basis of...
Persistent link: https://www.econbiz.de/10005870673