type="main" <p>Indian IT service firms are successfully competing with world leaders and research on the industry is emerging. Providing analysis at firm rather than industry level, this article identifies the windows of opportunity open to Indian firms, with the following findings: (i) the...</p>

The available empirical literature tends to focus on the performance comparison between business groups (BGs) and non-business groups, and there is no study that quantitatively verifies the origins of the business groups, particularly in China. This paper uses the survey data of SOEs...

The reform package in post-crisis Korea was one of the most comprehensively designed and decisively implemented. Though impressed by the quick recovery, many are now raising doubts about real changes in the economy, as the result of a cost-benefits analysis: While the business climate is more...

This paper analyzes problems in China's enterprise reform from property rights and agency problem perspectives. Reform efforts by the mid 1980s are interpreted as dealing with only the agency problem by relocating the decision process among agents, but not solving the hierarchical collusion...

This paper deals with the question of why making a catch-up is even more difficult in capital goods industries that are usually led by small or middle-sized companies. It relies upon the sectoral systems of innovation as a theoretical framework for analysis. From the findings, the paper has...

Sustaining economic growth is an important issue for developing countries; some countries show growth spurts and collapse in a short time, and many are trapped by the so-called middle-income trap. Mauritius also boasted rapid growth during the 1980s and 1990s, the period marked as an African...

This paper examines what makes firms grow using the investment climate survey that was conducted by the World Bank in eight developing countries. We rely on the resource-based theory of the firm that was proposed by Penrose (1959) where firm growth depends on the kinds and amount of the diverse...

Given the increasing significance of knowledge spillovers in innovation, this study investigates and compares knowledge spillovers from arm’s length firms in the industries (market) with those from other sister firms in the same business group (network). By dividing the knowledge pool into...

This paper discusses how the evolving nature of innovation has affected the way Intellectual Property Right (IPR) regime has affected economic growth in developing countries. Focusing more on utilization rather than protection of IPs for human society, it argues that the linkages from protection...