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Systematic information on household financial asset holdings in developing countries is very sparse. The author reviews some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved...
Persistent link: https://www.econbiz.de/10012553787
The international development community has been grappling with the challenges of implementing development programs and, consequently, with the design of practical approaches to attaining program objectives. This paper contributes to the emerging discussion on addressing the implementation...
Persistent link: https://www.econbiz.de/10012560825
sector, their model incorporates two key aspects of knowledge: technology and human capital. Steady-state equilibrium …
Persistent link: https://www.econbiz.de/10012553999
, exporting and importing activities are important channels for the diffusion of technology. They also find evidence that the …-owned firms or domestic-owned firms. The authors interpret this finding as evidence that the technology transferred from … finding supports the idea that equity joint ventures maximize technology transfers to local firms. …
Persistent link: https://www.econbiz.de/10012553808
Knowledge accumulation means either new knowledge (an increase in its quality), greater access to existing knowledge (an increase in its quantity), or both. The authors examine the relative contribution of these two components of knowledge to total factor productivity (TFP) for North-North and...
Persistent link: https://www.econbiz.de/10012559634
The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type...
Persistent link: https://www.econbiz.de/10012552804
Firms often cite financing constraints as one of their primary obstacles to investment. Global capital flows, by bringing in scarce capital, may ease the financing constraints of host country firms. But if incoming foreign investors borrow heavily from domestic banks, foreign direct investment...
Persistent link: https://www.econbiz.de/10012559547
The authors present a database of indicators of innovative activity around the world since the early 1960s. The data include measures of innovation outcomes as well as variables related to innovation effort. The main indicator of innovation outputs is patents. The main variables related to...
Persistent link: https://www.econbiz.de/10012554230
countries, this leads to a discussion of the remaining role for lower-income countries, followed by a discussion of technology … transfer. Because of the importance of market failures, the paper discusses the role of both technology policy and …
Persistent link: https://www.econbiz.de/10012557120
Fragile and conflict-affected states face daunting challenges for development. Aid has a greater importance on development in these states than in others, and therefore aid effectiveness management and delivery of aid bears serious consideration. Despite its significance, aid effectiveness is...
Persistent link: https://www.econbiz.de/10012552141