The generation, diffusion, absorption and application of new technology, knowledge or ideas are crucial drivers of development. This paper surveys the diverse approaches to innovation adopted by East Asian economies, the problems faced and outcomes achieved, as well as possible policy lessons....

We investigate the role of public funding in the rapid ascent of Chinese science by examining the impact of a major upgrade of a funding program of China's National Natural Science Foundation in 2011. Using research grant level data and a difference-in-differences estimator, we found that the...

East Asia has been one of the most dynamic regions of economic growth and development. The past two decades have seen tremendous economic and technological catching up in the region. Using South Korea as a case to illustrate the process of technology catching up, we find that the process of...