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China has enjoyed spectacular economic growth since the 1980s. Economic models based on production functions typically suggest that China's rapid growth will continue at similarly high rates, but they ignore pressing structural and institutional constraints on its development. Among the problems...
Persistent link: https://www.econbiz.de/10010698382
The article by Danny MacKinnon, Andrew Cumbers, Andy Pike, Kean Birch, and Robert McMaster continues the dialogue on evolutionary ideas within economic geography. In response, I argue that the word "evolution" has a variety of meanings and that more precision is required. This commentary also...
Persistent link: https://www.econbiz.de/10005672537
Several social scientists, including `evolutionary economists', have expressed scepticism of `biological analogies' and rejected the application of `Darwinism' to socio-economic evolution. Among this group, some have argued that self-organisation is an alternative to biological analogies or...
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This article analyses the 1989-2005 economic growth in the transitional economies in Europe and Central Asia, and signals factors that help to explain the differences in outcome. An econometric analysis finds prominent indices of property rights, corruption, economic freedom, tax incidence and...
Persistent link: https://www.econbiz.de/10005817052
This paper assesses the "old" institutional economics, it emphasizes the importance of key "old" institutionalist themes concerning the necessity of habits and rules, and the role of institutions. A problem in the alternative theoretical program of the "new" institutionalism is the untenability...
Persistent link: https://www.econbiz.de/10005819697
This essay explores evolutionary and competence‐based theories of the firm. Evolutionary theories can be regarded as a subset of a wider class of theories, variously described as “capabilities”, “resource‐based”, or “competence‐based” theories of the firm. These contrast with a...
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