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This paper presents an explanation of how the dynamic but uncertain process of economic development and growth occurs. It shows that economic development leads to structural change, an enhancement of capabilities and path dependence in the economy. It examines three different approaches to...
Persistent link: https://www.econbiz.de/10008860737
The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later contributions from institutional economics and developmental state theory. Despite much progress, the dominant approaches do not agree about the institutions that matter nor do they...
Persistent link: https://www.econbiz.de/10011922086
The goal of this paper is twofold: first, it assesses the current state of collaboration between institutionalist economics and the academic degrowth discourse on the topic of global inequalities. Since a systematic literature review of the current degrowth discourse shows that the level of such...
Persistent link: https://www.econbiz.de/10013467071
We relate the design of contract law to the process of development. In this paper, contract law defines which private agreements are enforceable (i.e. are binding and enforced by courts) and which are not. Specically, we consider an economy where agents face a hold-up problem (moral hazard in...
Persistent link: https://www.econbiz.de/10010343845
transient media. The research- development-innovation activity could bring a solution for the ending of the crisis and …
Persistent link: https://www.econbiz.de/10008855050
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the need to introduce social innovation that allows to diversify communication channels between the government and the …
Persistent link: https://www.econbiz.de/10012297757
Persistent link: https://www.econbiz.de/10014312278
's seminal generations of innovation typology provides a categorisation of advances in innovation theory. In so doing, it … innovation theory has driven the time/cost curve closer to its axis. The objective of this article is to augment this typology to … include theory that relates to novel technological advances, with implications for the innovation time/cost curve. Method: As …
Persistent link: https://www.econbiz.de/10012157762