This paper explores the “resource curse” problem as a counter-example of creative performance and innovation by … or physical asset endowments, whereas the innovation factor was not significant. Second, poor-performing enterprises … deterioration, through a downward spiral of lower efficiency leading to consumption of more resources. The “innovation factor” has …

build a bridge between growth accounting and growth theory by resolving their asymmetric interpretations of technical change … innovation, both physical innovation and brain-centered human innovation must be conveyed through the process of physical and …

-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related …

-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related …

We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the …