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Purpose: The purpose of the work is to present historical aspects of management, technology, innovation and economic growth in Great Britain based on international literature and articles. Design/methodology/approach: Due to the cognitive nature of the work, the aim of the work will be achieved using the method of analyzing the literature and overview international articles to present results on the...
This paper focuses on the transition between steady states of innovation-led growth, in the context of a general-equilibrium model in which the exogenous appearance of a new technological paradigm triggers a wave of endogenous, stochastic, incremental innovations through which it is implemented. The analysis demonstrates existence of a unique Markov-perfect equilibrium, and shows that its transition...
We analyze innovation in emerging and newly industrialized economies over the past 30 years, with the emphasis being on Asian economies. We use US patent data to study how the innovative capabilities of Taiwan, South Korea, Hong Kong and Singapore have expanded in relation to emerging economies in Asia and Latin America. We then carry out a sector-level analysis of innovation for South Korea, Taiwan,...
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