based on the purchasing-power-parity theory corrected by the Balassa-Samuelson effect. On the other hand, the index of … suggest that developing countries grow faster when they are globally competitive in low-technology manufacturing and natural …

activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes …Functioning markets for technology are an important determinant for the type, scope and distribution of innovation … structural forces that shape the demand side of markets for technology. In this study, we reason that demand depends on the …