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This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...
Persistent link: https://www.econbiz.de/10010285455
"Informality" is a term used to describe the collection of firms, workers, and activities that operate outside the legal and regulatory systems. It is widespread in the majority of developing countries--in a typical developing economy, the informal sector produces about 35 percent of gross...
Persistent link: https://www.econbiz.de/10012967818
In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China tends to engender, as an inherent byproduct,...
Persistent link: https://www.econbiz.de/10013082795
In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China tends to engender, as an inherent byproduct,...
Persistent link: https://www.econbiz.de/10013089412
Persistent link: https://www.econbiz.de/10003232437
Persistent link: https://www.econbiz.de/10003198082
This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...
Persistent link: https://www.econbiz.de/10011496977
Persistent link: https://www.econbiz.de/10010516844
Persistent link: https://www.econbiz.de/10011627100
"Informality" is a term used to describe the collection of firms, workers, and activities that operate outside the legal and regulatory systems. It is widespread in the majority of developing countries--in a typical developing economy, the informal sector produces about 35 percent of gross...
Persistent link: https://www.econbiz.de/10012570788