Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...

This thesis addresses how firms learn to innovate by using external information and knowledge in the face of limited absorptive capacity. Innovation is an interactive process that requires firms to reach beyond their boundary in search of external knowledge. However, very little is known about...