136 research outputs found
Geographic Macro and Regional Model for EU Policy Impact Analysis of Intangible Assets and Growth
This paper introduces the geographic macro and regional model for NUTS-2 regions of the Euro zone. This model consists of three blocks: the TFP, the SCGE and the MACRO blocks. The model is built for impact analysis of policies targeting intangible assets in the forms of R&D, human capital and social capital. The analysis can be done both at the regional and the EU macroeconomic levels. Policy simulations illustrate the capabilities of the complex model system.TFP, SCGE models, DSGE models, impact analysis, R&D, human capital, social capital
Innovation in Central and Eastern European Regions: Does EU Framework Program participation lead to better innovative performance?
Abstract: In this paper we raise the question whether knowledge transferred from long distances via research networks can somehow compensate lagging regions in Central and Eastern Europe for their low levels of locally agglomerated knowledge. To empirically investigate this problem we choose research networks subsidized by the European Framework Programs. Within the frame of the Romerian knowledge production function we test if the quality of regions’ individual FP networks has any relationship with regional patenting. We carried out the analysis with two sub-samples covering the years 1998-2009: CEE-Objective 1 regions (51 regions) and non-CEE regions (211 regions). The selected research area of study was the broad area of quality of life (QOL). We measure extra-regional knowledge accessible via FP research networks by the index of Ego Network Quality. We also control for localized knowledge flows via a systematic panel spatial econometric methodology. We found that important differences exist between CEE-Objective 1 and non-CEE regions with respect to FP network learning in patenting. While knowledge transferred from FP networks positively influences the impact of FP research subsidies on regional innovation in CEE-Objective 1 regions, network knowledge does not turn out to be a significant input in patenting in regions of the old member states
Innováció Kelet-Közép-Európában
A tanulmány azt vizsgálja, hogy a nagyobb távolságokra elĂ©rĹ‘ tudáshálĂłzatok kĂ©pesek-e ellensĂşlyozni az innováciĂł lokális forrásainak hiányosságait Kelet-KözĂ©p-ÂEurĂłpa lemaradĂł rĂ©giĂłiban. Az EU-keretprogramok hálĂłzatát alapul vĂ©ve, a Romer-fĂ©le tudástermelĂ©si fĂĽggvĂ©nnyel az informáciĂłtechnolĂłgiai iparra vizsgálja a rĂ©giĂłk hálĂłzatának minĹ‘sĂ©ge Ă©s a regionális szabadalmi tevĂ©kenysĂ©g kapcsolatát. KĂ©t rĂ©szmintára – az 1. cĂ©lkitűzĂ©shez (az eurĂłpai ipar tudományos Ă©s technolĂłgiai bázisának szĂ©lesĂtĂ©se) tartozĂł 51 kelet-közĂ©p-eurĂłpai rĂ©giĂł, valamint 211, az 1. cĂ©lkitűzĂ©shez nem tartozĂł kelet-közĂ©p-eurĂłpai rĂ©giĂł Ă©s más EU-tagországok rĂ©giĂłi – vĂ©gez ökoÂnometÂriai elemzĂ©st. A keretprogram-hálĂłzatokbĂłl elĂ©rhetĹ‘ tudást az ENQ indexszel mĂ©ri, a lokális tudásáramlásra pedig szisztematikus tĂ©rbeli panelÂökoÂnoÂmetriai mĂłdszereket alkalmaz. A tanulmány fontos kĂĽlönbsĂ©geket mutat meg a kĂ©t rĂ©szminta között: mĂg a kelet-közĂ©p-eurĂłpai rĂ©giĂłkban a hálĂłzati egyĂĽttműködĂ©sekbĹ‘l kinyerhetĹ‘ tudás pozitĂvan hat a rĂ©giĂłk szabadalmi tevĂ©kenysĂ©gĂ©re, addig a másik rĂ©szmintában ez a tudás nem szignifikáns a szabadalmi tevĂ©kenysĂ©g inputjai között.*
Journal of Economic Literature (JEL) kĂłd: C23, O30, R11
EU Framework Program participation and innovation: The role of regional development
The research question of this paper is related to existing findings in the literature, which have
already discovered several aspects of spatial regime effects in regional knowledge production.
Our focus is on the effect of participation in FP projects and the resulting knowledge flows on
regional patenting activity. Wouldn’t it be the case that the missing evidence on a direct
knowledge transfer impact on patenting mediated by FP participations masks important and
regular spatial differences in Europe? Influenced by earlier findings in the literature in this paper
we hypothesize that the direct impact of knowledge transfers between FP network partners on
regional patenting follows different trends in core and peripheral regions in Europe. As to the
nature of the expected differences in the trends there are no antecedents in the literature that
could guide us to formulate one single hypothesis. Consequently, the hypothesis that lagging
areas are not yet equipped to utilize learning from FP research networks in patenting because of
their low levels of absorptive capacities can be raised with a chance similar to that of the other,
which states that FP subsidies are only substitutes for other research funds in core EU regions
and as such do not influence patenting
A Revised Interpretation of Risk in Project Management
Both project management and finance have their own advanced risk concept, but developing a correct and complete integration of them has not been resolved so far. The novelty of the paper is a general framework for risk management in which the goals of a project are approached by the interests of owners rather than by the regular object-oriented ways. The framework resolves the following contradictions. 1) The traditional risk management approach distributes the total risk of a project among risk classes; as a consequence, the fact that only a fraction of the project risks are assumed by the owners is ignored. 2) Traditional project risk management cannot deal with the phenomenon that higher risks are found in the risk categories during the later periods of a project. 3) The positive deviation from the project goals is not interpretable in the traditional approach. In the new framework risk analysis becomes a more effective tool for all the participants of a project
Láthatóvá tehető-e a láthatatlan kéz?
A szerzĹ‘k egy ágensalapĂş modell kialakĂtásával prĂłbáltak válaszolni arra a kĂ©rdĂ©sre,
hogy milyen dinamikát követnek a piaci folyamatok, ha nem teljesülnek a
főáramĂş közgazdaságtan erĹ‘s megszorĂtásai (a láthatatlan kĂ©z explicit megjelenĂ©se
a walrasi árverező képében, amely kizárja a nem egyensúlyi tranzakciókat, a szereplők
racionális viselkedése, az információáramlás tökéletessége, a szereplők homogenitása,
az ár- és mennyiségi alkalmazkodás szétválasztása stb.). Egy egyszerű,
alulrĂłl Ă©pĂtkezĹ‘ modell segĂtsĂ©gĂ©vel elemeztĂ©k a piaci mikrostruktĂşrák, illetve a
döntési szabályok paramétereinek egyensúlyi folyamatokra gyakorolt hatását.
Vizsgálataik során azt találták, hogy a piaci szereplők száma akkor is lényegesen
befolyásolja az alkalmazkodási folyamatokat, ha azok homogének; az ár- és mennyiségi
szabályozás aránya nem gyakorol jelentős hatást a piaci ár és mennyiség alakulására;
az információáramlás kiterjesztĂ©se javĂtja a piaci alkalmazkodást; a heterogĂ©n
szereplők bevezetésének elsősorban a termelők esetén van jelentősége.
- …