It is now clear that emerging economies are gaining increasing importance in the global innovation system. Their actual role is perhaps the central question driving the growing interest in this topic and to which this paper attempts to respond. Although several authors have identified and...

Modifying a parallel dynamic programming approach to a simple deterministic economy, we consider the effect of an innovation in the means of production. The success of the innovation is assumed to depend on the availability of financing, locus of financial control, the amount of resources...