Effect of Policy and Entrepreneurship on Innovation and Growth: An Agent-based Simulation Approach
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- WANG Zheng
- Institute of Policy & Management, CAS, Beijing 100190
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- LIU Tao
- Institute of Policy & Management, CAS, Beijing 100190
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- DAI Xiaoye
- Geographical Information Science Key Lab of CEDD, East China Normal University, Shanghai 200062
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Using a model developed by Nelson & Winter (1982) and Zhang (2003) on evolution economics and agent-based simulation(ABS), this paper examines the effect of several factors on high-tech industrial development. Specifically, we focus on the behavior of firms measured by the percentage of R&D resources devoted to innovation or imitation, namely R&D tendency. We show that the variable R&D tendency has a significant effect on the speed of technological level growth. We come to some conclusions as follows: 1) the initial level of technology plays an essential role in the development of new-tech startups; 2) there is an optimal percentage of innovative R&D investment; 3) institutional arrangements will affect the impact of private R&D policy; 4) a good pattern of regional knowledge management is to speed technology diffusion but not keeping technology secret.<br><br>JEL Classification: O11, O33, P40, C63
収録刊行物
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- 地域学研究
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地域学研究 40 (1), 19-26, 2010
日本地域学会
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詳細情報 詳細情報について
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- CRID
- 1390282679410381952
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- NII論文ID
- 130000308178
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- NII書誌ID
- AN00140630
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- ISSN
- 18806465
- 02876256
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- NDL書誌ID
- 10770250
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- 本文言語コード
- en
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- データソース種別
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- JaLC
- NDL
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- 使用不可