We use a specific-factor model to exarnine the conditions under which policymakers are able to increase aggregate production of high-tech goods by production or R&D-subsidies in the short and long-mn. The difficulties for the policy-makers in designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade-off between resources used in R...

China became the second-largest economy behind the USA in 2010. While there is quite some macroeconomic research documenting the technological catching-up of China as a nation, there is only little research studying how individual Chinese firms are catching up. This paper draws on the open innovation perspective to explore how Chinese firms improve their innovative performance. Our empirical an...

The recent increase in the share of zero-leverage firms is most pronounced Software and Services, Hardware Equipment, Pharmaceutical Biotechnical industries. reasons for these industries’ conservative debt policies are not fully disclosed. How companies technological sectors manage to perform well attracting no loosing tax shield benefits a mystery. This study aims determine why high-tech less ...

In the context of the debate on the emergence of knowledge-based societies knowledge-intensive entrepreneurship (KIE) is regarded as a central transformative mechanism that pushes this development. Consistently, the discussion about KIE has mainly focused on new technology-based firms or academic start-ups in high-tech sectors. Little attention has been paid so far to sectors that can be charac...