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Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
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The European Union has implemented demand push and technology pull policies to foster innovation on the energy and … rarely treats product and process innovation separately and product quality is, in the best case, exogenous. We develop a … dynamic multi-sector CGE model that distinguishes between R&D-based process innovation for all firms, endogenous product …
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-Schumpeterian economics, namely, innovation and uncertainty. The authors demonstrate how neo-Schumpeterian economics is developing into a …pt. I. Industry and innovation -- pt. II. Finance in modern economics -- pt. III. The public sector and the future of …
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