This paper explores the underlying dimensions of absorptive capacity and its impact on the performance for firms in Zambia and Mauritius. It first defines a firm's capacity to absorb spillovers as a latent variable observable indirectly through its underlying dimensions. By means of structural...

Focused on the case of China’s financial development, the present discursive essay sets out to argue that if the Chinese financial system distorted the allocation of funds then economic growth could not be sustained and financial depth would remain deficient. The essay puts forward selected...