We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …

We examine the effects of China's 2009-2010 stimulus package for innovation differentials between state-owned firms … roughly 45 percent of all positive effects of state-ownership for innovation. Institutional support produces larger SOE …-POE innovation differentials among firms in strategic sectors and located in high-marketization provinces, and for centrally …

Innovation plays a key role in economic growth. In this paper, we investigate the effects of intermediate input tariff … reduction on the innovation activities of domestic firms. Input tariff reduction has two opposite effects on the innovation … decision of a firm: it may promote innovation because the cost of innovation activities decreases, but it may also result in a …

, Chinese non-state firms have chosen a pattern of incremental innovation in their search for competitive advantage. Despite … falling outside central government innovation plans and engaging in practices inimical to nurturing novel product innovation …

Will export affect corporate innovation? Using comprehensive data from 2002 to 2016, we find that Chinese firms file … firms increase more innovation than their domestic peers. Moreover, the improved innovation is more pronounced amongst firms … more favorable. Our research highlights the positive effect of exporting on corporate innovation …

liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …’éducation, la recherche et l’innovation. Des progrès sont également requis dans d’autres domaines, notamment pour promouvoir des …