A near consensus has emerged supporting the public funding of industrial Ramp;D as a solution to a host of market failures. However, the common policy prescription urges government to go no further than minimal lsquo;market enhancing' intervention, largely keeping the state to the role of...

The diffusion of new information technology (IT) requires the development of an ecosystem of hardware and software producers, users, and other firms. It is widely believed that venture capitalists (VCs) can play a role in the development of such ecosystems. However, empirical research to...

This paper challenges the long-standing emphasis in the developmental state literature on the powerful pilot agency as an essential component of industrialization. While a pilot agency may be able to facilitate growth in mature industries, we argue that policy-makers seeking to promote rapid...

The term social innovation has become popular as an umbrella concept describing an array of social programs and initiatives deserving attention. Unfortunately, this flurry of social innovation activity has, as of yet, not led to the development of a comprehensive theory of social innovation....

This paper explores the benefits associated with the adoption of behavioral targeting (BT) and the advantages derived by its implementation with the paid search (PS) advertising. Using a unique and proprietary dataset on online investments across 20 industries we, first, examine the probability...

Few observers are unimpressed by the economic ambition of China or by the nation's remarkable rate of growth. But what does the future hold? This meticulously researched book closely examines the strengths and weaknesses of the Chinese economic system to discover where the nation may be headed...

In the last decade, few countries have figured prominently as cases of late-late developers that achieved worldwide success with their Information Technology (IT) industries. This paper focuses on the Israeli case and argues that uniquely in that group, and in contradication to the model...