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Crisis as a catalyst: the role of Schumpeterian innovation in the Lithuanian economy AgEcon
Giedraitis, Vincentas Rolandas; Rasteniene, Ausra.
What circumstances allow businesses to flourish in a stagnant world economy? We ask that question in our discussion of the uniquely favorable circumstances of the biotechnology sector in Lithuania. The purpose of this paper is to analyze Lithuania’s ability to expand its economy during a time of crisis, focusing on its unique ability to innovate in such sectors as biotechnology.
Tipo: Journal Article Palavras-chave: Schumpeter; Innovation; Kondratiev wave; Biotechnology; Business cluster theory; Financial Economics; International Development; Research and Development/Tech Change/Emerging Technologies; O31; O32.
Ano: 2009 URL: http://purl.umn.edu/94527
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Feeling the heat: Financial crises and their impact on global climate change AgEcon
Giedraitis, Vincentas Rolandas; Girdenas, Sarunas; Rovas, Adomas.
This interdisciplinary paper uses world-systems analysis as a theoretical framework to argue that both the 1870s, 1930’s economic depressions reduced mean global temperatures. As global consumer demand fell, factories worldwide began producing less commodities and, as a result, emitted less greenhouse gasses. We find that in both instances there is evidence to support the hypothesis that financial crises lead to cooler temperatures.
Tipo: Journal Article Palavras-chave: Kondratiev waves; Schumpeter; World-systems analysis; Environmental economics; Global climate change; Environmental Economics and Policy; Financial Economics; N22; N50; Q54.
Ano: 2010 URL: http://purl.umn.edu/94609
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INSTITUTIONAL ECONOMICS AND THE EMERGENCE OF E-COMMERCE IN AGRIBUSINESS AgEcon
Moss, Charles B.; Schmitz, Troy G.; Kagan, Albert; Schmitz, Andrew.
The emergence of E-commerce in the 1990s heralded the arrival of the New Economy. However, the failure of numerous dotcoms since early 2001 has led to a debate regarding the future direction of E-commerce and its potential relevance for agribusiness. This study examines the economic implications of E-commerce for agribusiness within the framework of New Institutional Economics. The New Institutional Economics implies that E-commerce has the potential to reduce direct transactions costs in agricultural markets, but that it also may add additional indirect transactions costs. Depending upon the tradeoff between these costs, an institutional innovation which reduces the transactions costs may provide the impetus for an alternative marketing channel for...
Tipo: Journal Article Palavras-chave: E-commerce; Marketing channels; New Institutional Economics; Schumpeter; Agribusiness; Institutional and Behavioral Economics.
Ano: 2003 URL: http://purl.umn.edu/14675
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The Malthusian Paradox: Declining Food Prices in the Very Long Run AgEcon
Bloch, Harry; Sapsford, David.
More than two centuries ago in his Essay on the Principle of Population, Thomas Malthus famously issued his dire prediction that mankind was doomed to survival at a subsistence level. His concept of population growth expanding to absorb the available food supply has been roundly contradicted by history, thanks in part to a declining birth rate in rich countries. However, economics is still the “dismal science”, as the underlying idea of natural resource scarcity impinging on the prospects for progress remains a cornerstone of modern economics. In the case of agriculture, the proposition is that more people or richer people increase the demand for food and given the constraint on arable land, this means that food becomes scarce. In economics, price is taken...
Tipo: Presentation Palavras-chave: Malthus; Food prices; Schumpeter; Demand and Price Analysis.
Ano: 2012 URL: http://purl.umn.edu/124240
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