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The notion that good corporate governance means maximizing shareholder value derives from the neoclassical theory of … main problem is that the market-economy perspective cannot comprehend the process of innovation, including the role of the … business corporation. I construct a theory of the innovating firm that, when embedded in comparative-historical analysis …
Persistent link: https://www.econbiz.de/10010284552
Persistent link: https://www.econbiz.de/10011695794
This paper discusses the recent literature on the role of the state in economic development. It concludes that government incentives to enact sound policies are key to economic success. It also discusses the evidence on what happens after episodes of economic and political liberalizations,...
Persistent link: https://www.econbiz.de/10010261242
Interest in biofuels is growing worldwide as concerns about the security of energy supply and climate change are moving into the focus of policy makers. With the exception of bioethanol from Brazil, however, production costs of biofuels are typically much higher than those of fossil fuels.As a...
Persistent link: https://www.econbiz.de/10010264710
This paper discusses the difficulties associated with measuring entrepreneurship in developing countries. Three important dichotomies in the research on entrepreneurship are discussed: formal-informal, legal-illegal, and necessity-opportunity. Several common measures of entrepreneurship are...
Persistent link: https://www.econbiz.de/10010273406
This paper studies the Balassa-Samuelson hypothesis in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. Applying panel cointegration and bootstrapping techniques that solve for cross-sectional dependence problems in the data,...
Persistent link: https://www.econbiz.de/10010295271
gesamtwirtschaftlichen Entwicklung vor dem Hintergrund des berühmten Trilemmas, das prinzipiell für jede Währungsordnung gelöst werden muss …
Persistent link: https://www.econbiz.de/10010296875
This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...
Persistent link: https://www.econbiz.de/10010298622
Using data from developing countries, this paper explores the nature and direction of the links between ICT diffusion and per capita income, trade and financial indicators, education, and freedom indicators. Internet hosts, Internet users, personal computers and mobile phones represent...
Persistent link: https://www.econbiz.de/10010279303
von Innovationen, ohnehin durch partielles Marktversagen erschwert, wird durch die Wirtschafts- und Finanzkrise noch …
Persistent link: https://www.econbiz.de/10011602084