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After a long period of catch-up growth that began after the Second World War, France has now reached a technological frontier in many sectors of its economy. Why is it then that the French economy ranks so low in various rankings of the world's most innovative economies? Why is it so difficult...
Persistent link: https://www.econbiz.de/10012995219
India has witnessed a tremendous economic growth, as measured by GDP, over the past 10 years. Many experts have pointed out that FDI (Foreign Direct Investment) has been one of the major factors taking India to this growth level. Foreign investment in India has increased continuously since...
Persistent link: https://www.econbiz.de/10012952294
Adoption of NEP in 1990-91 was designed primarily to replace slowly growing closed Indian economy by rapidly growing open economy. The study determines the degree of openness of Indian economy and the profile of time path traversed towards this goal under NEP. The opening up of the closed...
Persistent link: https://www.econbiz.de/10013309378
Four questions arise in the context of economic slowdown and recovery from a slowdown : What is recovery? Recovery from what? How to recover? What is the recovery path? Recovery refers to breaking away from the vicious grip of a crisis, serious economic slowdown or demand recession in...
Persistent link: https://www.econbiz.de/10013309811
Indian economy. Heckscher-Ohlin theory of international trade envisages that a country specialises in the production and … to its factor endowment. The theory, like the classical comparative cost theory, uses static analytical framework. Among … others, an assumption of the theory is that the factor endowment does not change, and therefore, the pattern and composition …
Persistent link: https://www.econbiz.de/10013309891
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We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of …. The model predicts that more individualism leads to more innovation because of the social rewards associated with …
Persistent link: https://www.econbiz.de/10009007836
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism …. Collectivism leads to efficiency gains relative to individualism, but these gains are static, unlike the dynamic effect of …. The model predicts that more individualism leads to more innovation because of the social rewards associated with …
Persistent link: https://www.econbiz.de/10013137792