The effect of innovation activity on innovating quasi-rents: an empirical application

This paper investigates whether innovations generate quasi-rents and whether the size of those quasi-rents are affected by market conditions. Using a panel data of Spanish manufacturing firms during the period 1990-93 we answer affinnatevely to both questions. Product, process and both innovations generate quasi rents and such quasirents appears to be higher for process innovations. The size of innovation quasi-rents seems to be affected positively by demand growth, by product standarisation, and by low product market concentration. The three empirical results are in agreement with the theoretical predictions such as the Schmoockler' s theory of demandpool innovation, the price-elasticity of demand effects of Kamien and Schwartz and the replacement effect of Arrow. Process innovations are more affected by market conditions than the rest of innovations, at the tine of generating quasi-rents

Hibridación fotovoltaica aislada: configuraciones - topologías

El progresivo ascenso de la factura de la electricidad y del diesel, ha puesto, de nuevo, en actualidad a los sistemas híbridos fotovoltaicos. Es decir, aquellos que se caracterizan por tener, al menos, una fuente adicional de generación de energía. Así, en Informe Aenor, PNE 206008 IN Energía Solar Fotovoltaica Términos y Definiciones, que se encuentra en fase de información pública, y que se publicará en las próximas semanas, se define a los sistemas híbridos fotovoltaicos como aquellos sistemas como sistemas multifuente (Una planta fotovoltaica conectada en paralelo con otro tipo de generadores).Publicad

Condiciones para el desarrollo de la empresa española

The Spanish economy is highly dependent on foreign firms, specially in the manufacturing and in medium and high tech sectors. Why relative size and technological capabilities of national firms are lower than firms in other countries of similar economic development, is an important question whose answer would help to calibrate the future growth prospects of the Spanish economy. This presentation contains a summary of some research findings in our study of family firms in Spain with the aim to contribute to a better knowledge of the conditions that seem to determine the endogenous growth of national firms. We point towards the relatively low attraction of highly educated people into entrepreneurial activities during the past twenty years as one possible answer to this question

Entrepreneurship, Management Servicesand Economic Growth

We set out to model the joint production of entrepreneurs and workers assuming that the former contribute to the output of the firm by making entrepreneurial decisions (with increasing returns), and managing the productive resources (with decreasing returns). The model explains the equilibrium output of the representative firm and the equilibrium share of entrepreneurs in the working population, as a function of the quality of the entrepreneur and of the elasticity of output to the entrepreneur’s management services. The time dynamics of the solution imply that the contribution to labor productivity growth from increases in the quality of entrepreneurs over time is higher in countries with a larger starting share of entrepreneurs and higher in countries with lower starting labor productivity (convergence enhancing). The model predictions are tested with data from OECD countries for the period 1970-2002. We find that improvements in the quality of entrepreneurs can make a substantial contribution to economic growth by means of more productive management services.Entrepreneurial quality, productivity growth, OECD countries, Coasian entrepreneur