The growth of business firms is an example of a system of complex interacting units that resembles complex interacting systems in nature such as earthquakes. Remarkably, work in econophysics has provided evidence that the statistical properties of the growth of business firms follow the same...

There has been a growing concern of developing industrial clusters in developed nations and emerging economies in the past two decades to strengthen economic growth and development. The concept of properly organised industrial clusters has not yet been heavily implemented in developing nations,...

Although Timor-Leste has made considerable progress in many areas since its independence in 2002, it faces significant medium-term challenges. The nation has pressing development needs, young institutions, and is highly dependent on oil. Oil revenues from active fields, which have been the main...

Chapter One Overview of the Book -- Chapter Two Economic Diversification to Reduce Natural Resource Dependency in the Literature -- Chapter Three Methodology and Empirical specification -- Chapter Four Data Presentation and Analysis -- Chapter Five: Presentation of Results -- Chapter Six Overall...

Manufacturing has traditionally been regarded in the development literature as having special growth-pulling or growth-enhancing properties. The share of manufacturing in GDP has been declining slightly over time in South Africa, while that of services has been growing. This study focuses on the...

The EU has experienced different options to support the emergence of champions: (i) targeted support for strategic sectors and large technology initiatives (e.g. Airbus, Ariane, HDTV and ESPRIT); (ii) a support of declining sectors with the ECSC Treaty; and (iii) an emphasis on horizontal...

Am 26. Oktober 2004 veranstaltete das ifo Institut in Kooperation mit der Industrie- und Handelskammer für München und Oberbayern und mit Unterstützung des Bayerischen Staatsministeriums für Wirtschaft, Infrastruktur, Verkehr und Technologie zum vierten Mal den "ifo Branchen-Dialog". Ziel...