The government of China, to hone manufacturing’s competitive edge, has adopted a series of regional industrial policies to stimulate advanced manufacturing clusters as facilitators of agglomeration effects, utilisers of factor endowments, and implementers of innovation solutions, by playing...

In this paper, we investigate the relationship between innovation and economic growth in sub-Sahara Africa taking into account the role of institutional development. This is against the backdrop that institution is the oil that greases the wheels of development. Using the number of scientific...

This article reassesses the classic period of Import-Substituting Industrialisation (ISI) in Brazil between 1945 and 1979. New data presented here show that Brazilian industry achieved significant labour productivity growth during the post-war years and became more technologically sophisticated,...

Growth and development has always spurred outpouring of research. This paper offers a very preliminary survey of recent literature in the field.

This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect of innovative rents on investment in research and development (R&D). We analyse the behaviour of innovative firms that face random and lumpy investment opportunities in R&D....

In recent decades there has been a growing interest around functional income distribution. The functional income distribution determines how output is distributed among the factors of production, such as capital and labor. Labor remuneration, expressed as a share of value added or GDP, is known...

Is growth ultimately fully endogenous or semi-endogenous? A quarter-century of theoretical and empirical growth economics has still kept both possibilities open. Consequently, I assume that R&D-driven growth is a general combination of both semi-endogenous and fully endogenous mechanisms. I here...

Is growth ultimately fully endogenous or semi-endogenous? Three decades of theoretical and empirical growth economics have kept both possibilities open. Here, R & D-driven growth is a general combination of both semi-endogenous and fully endogenous mechanisms. I demonstrate that if the...

Motivated by the long established postulation by Adam Smith and Joseph Schumpeter that human capital and institutions enable Schumpeterian entrepreneurship which, in turn, facilitates economic growth, we sought to establish a more robust empirical support for this relationship. Adopting EO...

Developing economies tend to export more skill-intensive products as they become more productive. This paper provides a new tractable, quantitative framework to examine the role of inter-industry productivity spillovers in this development process. I start by documenting that a country’s...