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innovation. Moreover, given these challenges, achieving rates of GDP per capita change that result in an increase in average … income over a long period will demand an emphasis on and adoption of technological innovation and R&D, as well as … require not only institutional and structural adjustments and technological innovation and adoption but also a culture of …
Persistent link: https://www.econbiz.de/10005790397
I highlight some of the key econometric problems facing the literature on FDI spillovers. For the most part, the existing literature takes the approach of estimating production functions in which the total factor productivity (TFP) of the domestic firms in a particular industry/country is...
Persistent link: https://www.econbiz.de/10011250912
This paper forges links between a dynamic theory of markets and the reality of long term market changes. Goods are seen as being linked to the range of actions which they make possible. Thus it can be shown that the evolution of markets is closely connected with changing knowledge and property...
Persistent link: https://www.econbiz.de/10005616514
-South endogenous growth model where it is possible for the South to engage in imitation, innovation or both. The possibility of … Southern innovation implies sharp breaks in optimal policy at different stages of development in the South depending on whether … it is optimal to induce innovation in the South. These sharp breaks imply strong policy conflict between the North and …
Persistent link: https://www.econbiz.de/10009399612
innovation, highlighting significant advances in key sectors of the Chilean economy, such as mining, salmon farming, fruit … macroeconomic stability, investment in infrastructure, increased R&D funding and policies aimed at fostering innovation. However, to …
Persistent link: https://www.econbiz.de/10015071871
in developing countries. Building on this analysis, the paper outlines a vision of innovation for development that could … lead to a truly new research programme for innovation studies and the development of successful innovation …
Persistent link: https://www.econbiz.de/10005150780
in developing countries. Building on this analysis, the paper outlines a vision of innovation for development that could … lead to a truly new research programme for innovation studies and the development of successful innovation …
Persistent link: https://www.econbiz.de/10010712149
Barriers to investment are often regarded as an important determinant of the variation in international income levels. Nevertheless, in the standard neoclassical growth model, these barriers have only have small effects on per capita incomes. We consider the effects of barriers to accumulation...
Persistent link: https://www.econbiz.de/10010274517
Growth accounting exercises point to aggregate TFP differences as the dominant source of the large cross-country income differences. In this paper, I ask which sectors account for the aggregate TFP gap between rich and poor countries. Data limitations for developing countries have led...
Persistent link: https://www.econbiz.de/10011123967
An important question is whether underdeveloped countries will converge to the per-capita income level of developed countries. Economists have used the disequilibrium adjustment property of growth models to justify the view that convergence should occur. Unfortunately, the empirical literature...
Persistent link: https://www.econbiz.de/10004990451