I theoretically and empirically show that dismissal laws - laws that impose hurdles on firing of employees - spur innovation and thereby economic growth. Theoretically, dismissal laws make it costly for firms to arbitrarily discharge employees. This enables firms to commit to not punish...

In order to reduce greenhouse gas (GHG) emissions and to achieve the Sustainable Development Goals (SDGs), Asian countries are trying to realize the potential of energy innovation. However, several structural issues might deter the expected impact of energy innovation on GHG emissions. Given the...

This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...

The global COVID-19 pandemic has substantially changed the structure of the economy from the pattern of a supply chain system driven by massive production and consumption to effectual demand through information and communication technology (ICT). Moreover, the transition of work style based on...

In this paper, I examined how the People's Republic of China (PRC) and India, two largest transitional economies in Asia, have engaged in improving their innovation capability in the economic transition. First, I measured and compared innovation capability of both countries by using not only...

In this paper, we review the theoretical and empirical literature on measuring the top management quality of firms, and its relation to various aspects of corporate financial policies and corporate innovation, and draw policy implications for enhancing corporate innovation. First, we discuss how...

This paper provides both theoretical perspectives and empirical evidence on the relationship between mergers and acquisitions (M&As) and corporate innovation. It also identifies relevant policies implemented by countries around the world to encourage corporate innovation activities, and...

This paper explores the "black box" of innovation in the electronics production network in East Asia through a mapping exercise of technological capabilities and an econometric analysis of exporting in the People's Republic of China (PRC), Thailand, and the Philippines. Technology-based...