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of the developing and newly industrializing economies shows that national systems of innovation have evolved keeping in … two essential characteristics of national innovation system that connects the users and producers of knowledge and also … rights on the other. How these arrangements have affected the national system of innovation both in the developed and …
Persistent link: https://www.econbiz.de/10004992044
The recent developments in the theory of industrial organisation have underlined the importance of small scale industry. Small industry can be equally competitive in the fast changing global economy provided it exploits economies of scale and scope while locating itself in clusters along with...
Persistent link: https://www.econbiz.de/10005836781
This paper provides a theory of rational offer of training policy and efficiency wage by industrial firms. We show that the main determinants of training Policy depends on the level of qualification of workers, the level of control within the firm and its productive structure. The optimal...
Persistent link: https://www.econbiz.de/10011111705
In this paper, we introduce firm heterogeneity in the context of a model of non-compliance with minimum wage legislation. The introduction of heterogeneity in the ease with which firms can be monitored for non compliance allows us to show that non-compliance will persist in sectors which are...
Persistent link: https://www.econbiz.de/10011111817
Abstract This paper attempts to set the significance of public innovation policies in contemporary developing countries … investment expenditure on innovation projects is likely to be low if left in the hands of private economic agents as they have a … takes seriously the importance of investment in innovation projects. This has not been without far-reaching implications for …
Persistent link: https://www.econbiz.de/10005621828
Public sector R&D in India has recorded a negative growth since 1991. Although there has been an increase in private sector investment in R and D, this cannot completely arrest the impact of the withdrawal of public investment and will result in a weaking of India's competitive strength in a...
Persistent link: https://www.econbiz.de/10005623285
Emerging growth dynamism of Indian economy in rapidly globalising world is highly recognised and commented by a large body of researchers during the recent period. In fact, the Indian planning has made long concerted effort to develop strategic and competitive capabilities in the agents of...
Persistent link: https://www.econbiz.de/10005836079
Indian economy has reached in the orbit of high rate of economic growth. She is being widely acclaimed and recognized as an emerging global economic power. The rate of growth recorded during the period 1950-51 to 2004-05 clearly showed a tendency of steady upward trend. However, the decade of...
Persistent link: https://www.econbiz.de/10005836954
We integrate a social norm which associates status to accumulation of capital and consumption into a simple model of endogenous growth. We show that societies which place a greater weight of cultural values on stock of accumulated capital as opposed to consumption will experience fast growth....
Persistent link: https://www.econbiz.de/10005059080
Slow transformation of a developing economy gradually shifts surpluses and substantially reduces the importance of the agricultural sector of the economy. This has been recognized as a healthy characteristic of the capitalist economic development. Crisis of this transformation emerges when the...
Persistent link: https://www.econbiz.de/10005616997