Subject: Innovation | Diffusion | Education | Macroanalysis of the Education System, Economics of Education, Educational Policy | Evolutionary economics | Bildung und Erziehung | Bildungswesen tertiärer Bereich | O33 | Makroebene des Bildungswesens | Institutions | [ QFIN ] Quantitative Finance [q-fin] | University Education | Industrial leadership | Industrial leadership; Institutions; Evolutionary economics | B52 | O33,C61,B52,Industrial leadership,Innovation,Diffusion,Institutions,Evolutionary economics | C61
International audience; In this paper, we seek to analyse the role of national university systems in combination with technological and market factors as sources of industrial leadership and industry growth in sciencebased industries. We propose a model in which nationa... View more
6 See Winter (2005) or Coad and Rao (2007) for the origins, extensions and implications of this assumption. Empirical evidence on the R&D to sales ratio as an operating routine can be found in, for example, Albaladejo and Romijn (2000).
7 This assumption is habitual, both in evolutionary models (Fatas-Villafranca et al., 2008) as well as in mainstream approaches (Romer, 1990). The classic article by Nelson (1982) - on R&D efficiency - provides an excellent framework to appreciate the meaning of equation (5).