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This paper investigates how innovation potential of a country contributes to avoid or escape the middle income trap. We … measure innovation potentials of 77 countries from 1975 to 2010 from patent data. Then, we test whether indigenous innovative …
Persistent link: https://www.econbiz.de/10011213716
, intensifying competition in attracting FDI inflow; and apparent lack of innovation capabilities. Quantitative analyses on the …
Persistent link: https://www.econbiz.de/10011213717
This study presents a model of economic growth based on saturating demand, where the demand for a good has a certain maximum amount. In this model, the economy grows not only by the improvement in production efficiency in each sector, but also by the migration of production factors (labor in...
Persistent link: https://www.econbiz.de/10009351443