A property rights regime covers rights to use, lease, donate, bequest, and sell assets or collect the incomes generated by assets. A clear and transparent property rights regime facilitates investment and economic growth. While private property is...
This paper reviews the innovative capabilities and absorptive capacities of African countries, and investigates whether they have played significant roles in the region’s slow and episodic economic growth. Results from cross-country regressions...
Innovations spur science-based trade and industrial development in a fast changing pace of globalization. Knowledge accumulation and diffusion have been increasingly recognised as fundamental factors that play an important role in long-run economic...
Many international organizations, governments and academics concerned with economic development look to Asia’s success, recommending that other poor countries follow similar models and paths of development. This study argues that such Asian ‘lesson...
Knowledge-intensive business services (KIBS) have been posited to play a critical role as innovation agent and knowledge broker in the new economy. While a substantial part of the literature on KIBS stresses their function as an innovation agent to...
Part of Journal Special Issue Developing Countries in the WTO Regime
Part of Book Achieving Development Success
Part of Book Pathways to Industrialization in the Twenty-First Century
Part of Book Entrepreneurship, Innovation, and Economic Development
The paper introduces a reform trajectory we call ‘revolutionary incrementalism’ in which partial and incremental measures add up to profound transformation. Recent advances in economic theory demonstrate that growth is not hard to start: it almost...
This paper analyses the paths of technology development among regions with heterogeneous economic and technological characteristics, focusing on the case of China. It finds that intra-national technology transfer, that is, the technology transfer...
In less than a decade after the end of the apartheid, South Africa has intensified its economic ties with its African neighbours to become one of the top-ten investors and trading partners of many African countries, displacing companies from the...
The economic liberalization in India was expected to boost the economy, particularly the industrial sector through faster technological development. The Schumpeterian hypothesis, which studies the relationship between market structure variables such...
This paper analyzes the ‘Silicon Valley model’ as a novel economic institution in the domain of technological product system innovation such as computers. We focus on the information structural relationship as well as governance relationships between...
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