Nee, Victor; Kang, Jeong-han; Opper, Sonja - In: Journal of Institutional and Theoretical Economics (JITE) 166 (2010) 3, pp. 397-425
The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for...