In this article three different concepts of innovation policy are presented, namely the basic research oriented, the applied research oriented and the mission oriented concept. Based on empirical literature it is shown that for technologically advanced countries the basic research concept is...

We address the question of whether foreign aid helps attract foreign direct investment (FDI). This could be achieved if well targeted aid removed critical impediments to higher FDI inflows. In particular, we test the hypothesis that aid for education is an effective means to increase FDI flows...

Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation activities in a few countries most countries have to rely on the international diffusion of newly developed technologies. Some countries may fail to successfully perform the...