Nioni

Essay specific features

 

Issue:

Business

 

Written by:

James W

 

Date added:

July 28, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

42 / 11760

 

Was viewed:

6265 times

 

Rating of current essay:

 
Essay content:

The model developed in this paper consists of firms which employ skilled workers as an important input in technological advancement, but the novel feature here is the entrepreneur, who is the brain of technological progress. The entrepreneur has to decide to undertake either imitative or innovative activities, of which decision both affects and is affected by the country's distance to frontier...
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The entrepreneur has to decide to undertake either imitative or innovative activities, of which decision both affects and is affected by the country's distance to frontier. Specifically, the entrepreneur needs to have a minimum ability threshold level in order to carry out innovation. This endogenous threshold level falls as the economy moves closer to the technological frontier, enabling more entrepreneurs to be engaged in an innovation-based strategy, and consequently, moving the economy from a technological structure that is based on imitation of foreign technologies to one where domestic innovation dominates...
displayed 300 characters

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