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Basic Income with High Open Innovation Dynamics: The Way to the Entrepreneurial State

1
Department of Open Innovation, Open Innovation Academy of SOItmC, Convergence Research Center for Future Automotive Technology of DGIST, Daegu 42988, Korea
2
Department of Business Administration, Sangji University, 83 Sangjidae-gil, Wonju, Gangwon-do 26339, Korea
3
Korean Institute for Presidential Studies (KIPS), Seoul 06306, Korea
4
Graduate School of Public Administration, Seoul National University, Seoul 08826, Korea
*
Author to whom correspondence should be addressed.
J. Open Innov. Technol. Mark. Complex. 2019, 5(3), 41; https://doi.org/10.3390/joitmc5030041
Received: 21 May 2019 / Revised: 24 June 2019 / Accepted: 25 June 2019 / Published: 11 July 2019
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PDF [2111 KB, uploaded 11 July 2019]
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Abstract

Currently, the world economy is approaching a near-zero growth rate. Governments should move from a market-failure-oriented to a system-failure-oriented approach to understanding this problem, and transform to an entrepreneurial state to motivate the Schumpeterian dynamics of open innovation. We want to answer the following research question in this study: “How can a government enact policies to conquer the growth limits imposed on the economy by inequality or the control of big businesses?” First, we conducted a literature review to establish the concept of building a causal loop model of basic income with open innovation dynamics. Second, we built a causal loop model which includes basic income and all factors of open innovation dynamics. Third, we proved our causal loop model through a meta-analysis of global cases of basic income. Our research indicates that reflective basic income with permissionless open innovation, capital fluidity, a sharing economy, and a platform tax can motivate open innovation dynamics and arrive at a method by which an entrepreneurial state can conquer the growth limits of capitalism. View Full-Text
Keywords: basic income; open innovation dynamics; permissionless open innovation; capital fluidity; sharing economy basic income; open innovation dynamics; permissionless open innovation; capital fluidity; sharing economy
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Yun, J.J.; Park, K.; Hahm, S.D.; Kim, D. Basic Income with High Open Innovation Dynamics: The Way to the Entrepreneurial State. J. Open Innov. Technol. Mark. Complex. 2019, 5, 41.

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J. Open Innov. Technol. Mark. Complex. EISSN 2199-8531 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
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