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Jevons, for example, posited a growth theory based on the activity of sunspots. Robert Solow took a less exotic approach to …
Persistent link: https://www.econbiz.de/10005864960
This paper suggests that the spillover of knowledge may not occur automatically as has typically been assumed in models of endogenous growth. Rather, a mechanism is required that serves as a conduit for the spillover and commercialization of knowledge from the source creating it to the firm...
Persistent link: https://www.econbiz.de/10005864987
agency theory, assigning managersstock options aligns their interests with the interests of the owners of the firm.This paper … advantage. This theory of entrepreneurialgovernance is tested using patent ownership as a proxy for both …
Persistent link: https://www.econbiz.de/10005864514
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does …
Persistent link: https://www.econbiz.de/10005865018
and innovation within the German economy... …
Persistent link: https://www.econbiz.de/10005865223