One aspiration of the Agricultural Fisheries Modernization Act (AFMA) is the promotion of industry dispersal and rural industrialization. This involves a policy of structural transformation, which attempts to transition the economy from a low productivity sector, such as agriculture, to a high...

There is growing interest in the role that corporate restructurings play in innovation. Although existing research has looked at the impacts of leveraged buyouts of companies on R&D spending and profits, few studies have looked at the effect that buyouts have on the output of R&D, and those...