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"This paper explores endogenous institution formation under a catching-up strategy in developing countries. Since the catching-up strategy is normally against the compartive advantages of the developing countries, it can not be implemented through laissez-faire market mechanisms, and a...
Persistent link: https://www.econbiz.de/10010520965
"Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...
Persistent link: https://www.econbiz.de/10010522072
"The authors analyze the relationship between international trade and the quality of economic institutions such as contract enforcement, rule of law, or property rights. The literature on institutions has argued, both empirically and theoretically, that larger firms care less about good...
Persistent link: https://www.econbiz.de/10010522224
"Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. The authors …
Persistent link: https://www.econbiz.de/10011394228
authors find that the stock of human capital, the level of domestic innovation and technological adaptation, and the level of ….15 percentage point. In terms of innovation, the authors find that a 20 percent increase in the annual number of USPTO patents …
Persistent link: https://www.econbiz.de/10010522968
Persistent link: https://www.econbiz.de/10010523060