Promoting MSME innovation has been one of the priority work programs of APEC. MSME innovation policy in the APEC and member economies such as Vietnam, has focused on promoting venture capital and startup firms in the ICT industry. This study critically examines such a policy approach, and argues...

This paper suggests a new way of measuring technological progress based on a Schumpeterian conceptualization of technological change, incorporating demand (diffusion) and supply (innovation) factors in a single model. Thus, the new measure reflects the value added created over the whole process...