The Economics of Growth

The Economics of Growth

Author: Philippe Aghion

Publisher: MIT Press

Published: 2024-09-17

Total Pages: 519

ISBN-13: 0262553104

DOWNLOAD EBOOK

A comprehensive, rigorous, and up-to-date introduction to growth economics that presents all the major growth paradigms and shows how they can be used to analyze the growth process and growth policy design. This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory; the reader need not master all the subtleties of dynamic programming and stochastic processes to learn what is essential about such issues as cross-country convergence, the effects of financial development on growth, and the consequences of globalization. The book, which grew out of courses taught by the authors at Harvard and Brown universities, can be used both by advanced undergraduate and graduate students, and as a reference for professional economists in government or international financial organizations. The Economics of Growth first presents the main growth paradigms: the neoclassical model, the AK model, Romer's product variety model, and the Schumpeterian model. The text then builds on the main paradigms to shed light on the dynamic process of growth and development, discussing such topics as club convergence, directed technical change, the transition from Malthusian stagnation to sustained growth, general purpose technologies, and the recent debate over institutions versus human capital as the primary factor in cross-country income differences. Finally, the book focuses on growth policies—analyzing the effects of liberalizing market competition and entry, education policy, trade liberalization, environmental and resource constraints, and stabilization policy—and the methodology of growth policy design. All chapters include literature reviews and problem sets. An appendix covers basic concepts of econometrics.


The Influence of National Culture on Innovation

The Influence of National Culture on Innovation

Author: Sumit Ganguli

Publisher:

Published: 2022

Total Pages: 0

ISBN-13:

DOWNLOAD EBOOK

What is the relationship between the culture of innovation within a firm and its innovative outcomes? Does national culture impact the innovation index within a nation? How do the components of the country's innovation impact the economic value of its firms and the nation itself? I have used the following approach to answer these questions. 1) I conducted a firm-level survey on the impact of the culture of innovation on the novelty of innovation in developing countries like India and Israel, and in developed countries like the UK and the US. To disprove the Schumpeterian theory, I examined the moderating effect of the size of the firm and its revenue on the influence of a culture of innovation on innovative outcomes. 2) In addition, I examined the impact of Hofstede's cultural dimensions of national culture on the components of the Global Innovation Index for 53 countries, using the most recent dataset of 2021. 3) I also studied the impact of the components of nations' Innovation Indices, as measured by the Global Innovation Index, on the economic values of 10 nations in the technology sector. The results indicate a positive association between the culture of innovation and the novelty of innovation. In addition, the impact of the firm's size and revenue on the relationship between the culture of innovation and the novelty of innovation was insignificant. I also conducted two other studies. In the second study, I examined the relationship between six of Hofstede's cultural dimensions for 53 countries and the countries' Innovation Indices, as measured by the Global Innovation Index (GII). I was able to establish some relationships: i) Uncertainty avoidance has a negative relationship with market sophistication. ii) A long-term orientation has a positive relationship with market sophistication. iii) A long-term orientation and individualism have a positive relationship with institutions. iv) Individualism, a long-term orientation, and indulgence have a positive relationship with human capital and research. v) A long-term orientation and indulgence have a positive relationship with business sophistication. vi) Uncertainty avoidance has a negative relationship with business sophistication. vii) A long-term orientation and individualism have a positive relationship with knowledge and technology outputs. viii) Uncertainty avoidance has a negative relationship with knowledge and technology outputs. For the third study, I examined the relationships between the components of the Global Innovation Index and economic value. The results indicate that a nation needs a mature, diversified, competitive domestic market and industry, and a strong digital infrastructure to emerge as a nation with strong economic value in the information technology sector. The key drivers for economic growth in a nation are investments in research and development, and mature engineering and manufacturing processes. I believe this study of national culture and its impact on innovation and the relationship between a firm's culture of innovation and the novelty of innovation could improve innovative outputs from firms in developing countries like India and Israel and enhance their economic value.


New-Product Diffusion Models

New-Product Diffusion Models

Author: Vijay Mahajan

Publisher: Springer Science & Business Media

Published: 2000-09-30

Total Pages: 376

ISBN-13: 9780792377511

DOWNLOAD EBOOK

Product sales, especially for new products, are influenced by many factors. These factors are both internal and external to the selling organization, and are both controllable and uncontrollable. Due to the enormous complexity of such factors, it is not surprising that product failure rates are relatively high. Indeed, new product failure rates have variously been reported as between 40 and 90 percent. Despite this multitude of factors, marketing researchers have not been deterred from developing and designing techniques to predict or explain the levels of new product sales over time. The proliferation of the internet, the necessity or developing a road map to plan the launch and exit times of various generations of a product, and the shortening of product life cycles are challenging firms to investigate market penetration, or innovation diffusion, models. These models not only provide information on new product sales over time but also provide insight on the speed with which a new product is being accepted by various buying groups, such as those identified as innovators, early adopters, early majority, late majority, and laggards. New Product Diffusion Models aims to distill, synthesize, and integrate the best thinking that is currently available on the theory and practice of new product diffusion models. This state-of-the-art assessment includes contributions by individuals who have been at the forefront of developing and applying these models in industry. The book's twelve chapters are written by a combined total of thirty-two experts who together represent twenty-five different universities and other organizations in Australia, Europe, Hong Kong, Israel, and the United States. The book will be useful for researchers and students in marketing and technological forecasting, as well as those in other allied disciplines who study relevant aspects of innovation diffusion. Practitioners in high-tech and consumer durable industries should also gain new insights from New Product Diffusion Models. The book is divided into five parts: I. Overview; II. Strategic, Global, and Digital Environments for Diffusion Analysis; III. Diffusion Models; IV. Estimation and V. Applications and Software. The final section includes a PC-based software program developed by Gary L. Lilien and Arvind Rangaswamy (1998) to implement the Bass diffusion model. A case on high-definition television is included to illustrate the various features of the software. A free, 15-day trial access period for the updated software can be downloaded from http://www.mktgeng.com/diffusionbook. Among the book's many highlights are chapters addressing the implications posed by the internet, globalization, and production policies upon diffusion of new products and technologies in the population.


Entrepreneurial Orientation

Entrepreneurial Orientation

Author: Andrew C. Corbett

Publisher: Emerald Group Publishing

Published: 2021-01-12

Total Pages: 284

ISBN-13: 1838675736

DOWNLOAD EBOOK

In a world defined by increasing uncertainty and complexity, understanding the concept of Entrepreneurial Orientation (EO) is of critical importance. This volume convenes some of the world’s leading experts on EO to provide readers with an overview of the current state of EO research and set a compelling agenda for its future.


Global Innovation Index 2016

Global Innovation Index 2016

Author: Cornell University

Publisher: WIPO

Published: 2016

Total Pages: 450

ISBN-13:

DOWNLOAD EBOOK

The Global Innovation Index ranks the innovation performance of 128 countries and economies around the world, based on 82 indicators. This edition explores the impact of innovation-oriented policies on economic growth and development. High-income and developing countries alike are seeking innovation-driven growth through different strategies. Some countries are successfully improving their innovation capacity, while others still struggle.


Culture, Innovation and the Economy

Culture, Innovation and the Economy

Author: Biljana Mickov

Publisher: Routledge

Published: 2017-09-27

Total Pages: 204

ISBN-13: 1315436396

DOWNLOAD EBOOK

This is a handbook for the cultural entrepreneur, offering some of the best examples on practice, franchises, research, innovation and business opportunities in the cultural sector. The key theme is the contribution and possibilities of the cultural economy as a business, with a strong supporting subtext on innovative practice. The book illustrates the theme by providing multiple practice-based and empirical examples from an international panel of experts. Each contribution provides an accessible and easily accessed bank of knowledge on which existing practice can be grown and new projects undertaken. It provides an eclectic mix of possibilities that reinforce and underscore the full innovative and complex potential of the cultural economy. Topics include a review of the global and regional economic benefits of the cultural economy, evidence-based analysis of the culture industries, and an outline of the top ten cultural opportunities for business. This collection transcends the space between theory and practice to combine culture and innovation and understand their importance to a wider economy. This is essential reading for researchers and practitioners interested in entrepreneurship, non-profit management, art and visual culture, and public finance.


Handbook of Research on Entrepreneurship, Innovation, and Internationalization

Handbook of Research on Entrepreneurship, Innovation, and Internationalization

Author: Teixeira, Nuno Miguel

Publisher: IGI Global

Published: 2019-06-28

Total Pages: 761

ISBN-13: 1522584803

DOWNLOAD EBOOK

In a global and increasingly competitive world, companies must be aware of important drivers. Entrepreneurship and innovation are important contributions to the development of economies and creation of employment, gaining relevance in the business context due to a more complex market and needs for higher differentiation. The Handbook of Research on Entrepreneurship, Innovation, and Internationalization provides key data to business managers on dealing with entrepreneurship, as well as for creating networks and complementarities for leveraging the firm’s activity in order to help plan and control innovation and internationalization processes to avoid risk and increase the firm’s value. The content within this publication includes topics such as family business, economics, and business education. It is designed for entrepreneurs, managers, researchers, academicians, and students.


National Systems of Innovation in Comparison

National Systems of Innovation in Comparison

Author: Ulrich Schmoch

Publisher: Springer Science & Business Media

Published: 2006-09-09

Total Pages: 307

ISBN-13: 1402049498

DOWNLOAD EBOOK

The concept of National Systems of Innovation was introduced as a method to describe the various elements which contribute to innovation performance and their interaction. In this book, the innovation structures of a broad set of countries are compared. It provides more than a pure compilation of quantitative indicators for international benchmarking, supporting an appropriate interpretation of the referring results and suggesting relevant conclusions for innovation policy.