KNOWLEDGE-INTENSIVE PROPERTY RIGHTS (STE-WP-39)
Venture capitalism is a major institutional innovation based on identifying economies of scope in transactions of technological knowledge, bundled with managerial competence, reputation, screening procedures and equity. It has paved the way to the emergence of new surrogate markets for knowledge, i.e. financial markets specialized in trading knowledge-intensive property rights. This development has important benefits […]
The Limits of Capital: Transcending the Public Financer – Private Producer Split in R&D (STE-WP-40)
Despite a strong tendency in the privatization literature to prefer private sector solutions to public sector ones, in the case of R&D a near consensus has emerged that supports public R&D funding for private production as a solution to a host of market failures. This article explores theoretical justifications for a more expansive role for […]
A Strategy for Developing Employment Opportunities for the Arabs in Israel: The Vision for Expanding the Arab Middle Class
This study analyzes the problems that face the Arab community in Israel in the field of work and employment. It presents a strategy for developing employment opportunities for the Arab minority in Israel. Moreover, the study suggests a new vision for expanding the Arab middle class in Israel by developing equal employment opportunities.
Innovation Policy for Development: an Overview STE-WP-34
This paper provides a framework for thinking about innovation policies for development. In such context innovation should be construed as a very broad notion that includes product and in process innovations of various sorts, generated by rank and file workers as much as by R&D labs. The economic rationale for government support of R&D needs […]
Microeconomic Insights from Israel’s Venture Capital Emergence: Towards a Theory of Evolutionary Targeting of Infant Industries STE-33-2006
The development of Venture Capital in Israel during 1993-2000 is an example of policy-led industry emergence. The Israeli targeted policy adapted to trigger Venture Capital emergence is an example of successful infant industry policy. This policy stands on its own as a separate class, due to its non-conventional configuration and high impact. This paper both […]
The Dye Famine and its Aftermath: Knowledge Diffusion and Entry STE-WP-32
Venture Capitalists, Public Offerings or Strategic Investors? Financial Liquidation Profiles of Israeli Hi-Tech Firms STE-WP-31
The paper presents the concept of Firms’ Growth Profiles (FGPs) portraying the idea that the institutional environment confers upon firms a limited set of path-dependent growth options. The FGP concept is demonstrated by examining sequences of financial liquidation actions (raising funds from venture capitalists, through public offerings or from strategic investors) of Israeli Hi-Tech firms. […]
Investments in Higher Education and Economic Performance: Israel in an international perspective
The research investigates the relationship between investments in higher education and the economic performance of OECD countries through the use of a two-stage regression model and multivariate analysis. The findings suggest that an indirect relationship exists between higher education investments and economic growth. Evidence shows that higher education inputs translate into human capital outputs, and […]
What Affects Technion Faculty Members’ Decision to Found a Start-Up Firm? Effects of the Business Opportunity and the Entrepreneur’s (faculty)
While research has recognized the importance of the entrepreneurial opportunity evaluation (EOE) stage in affecting overall entrepreneurship activity, only venture capitalists (VCs) perspectives were explored. No research has attempted to understand the crucial and complementary role of entrepreneurs points of view. In an effort to fill this gap, the current study focuses on the entrepreneur […]
Science and Technology Indicators in Israel: An International Comparison
It is well recognized that human capital, especially in the areas of science and technology, (S&T), is the main growth-enabling resource in Israel. How can this recognition be evaluated in light of the economic and statistical data over time? In this new Neaman Institute study we propose a systematic set of indicators, which can and […]
