This paper presents an analysis of factors shaping technology-upgrading efforts in the Mozambican manufacturing sector. It uses firm-level data to examine these issues for the metalworking and light chemicals sectors, using Logit regression analysis to identify factors associated with firms'...

This study examines whether foreign direct investment generates intra-industry knowledge spillovers to domestically-owned firms, using firm-level panel data from a Chinese science park. Our analysis suggests that the Ramp;D stock of foreign-owned firms has a positive effect on the productivity...

In spite of the considerable effort of the work focused on the identification of the conditions and factors favourable to innovation in developing countries, very few contributions concern the analysis of the obstacles impeding or slowing the innovation process and factors affecting their...

Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...

In an entrepreneurial economy the fact that entrepreneurship is risky adds two important nuances to the question of optimal investment. First, the paper argues that ex-ante decision making requires ex-ante evaluation. Second, by definition of an entrepreneur, the new idea and risk assessment is...

Schumpeterian growth theory has "operationalized" Schumpeter's notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...

Increasing regulation, an oppressive macroeconomic environment and nondigital, cost-intensive processes are forcing incumbent banks to adapt their offers on the German smaller and medium-sized businesses (SMEs) market. The paradox is that banks can only cover a specific area of the lending...

In this paper we develop a simple Schumpeterian growth model to rationalize the inverted-U relationship between competition and innovation uncovered by Scherer (1967). This model in turn delivers a number of testable prediction. A first testable prediction is that the relationship between...

Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on...

Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological diversification. Production makes use of different input varieties,...