We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...

Intangible knowledge capital (IKC) - technology produced by workers but not embodied in them - can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises - more so in domestically owned than in...

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...

The institutional foundation of economic growth extends beyond institutions that limit the grabbing hand of the state and effectively enforce contracts. Growth predicates on social institutions that foster the development and use of productivity-enhancing knowledge. In particular,...

This paper explores the way that intellectual property rights (IPRs) protection affects firm-level productivity growth through innovation and diffusion. Allowing for conditional average treatment effect, I find strong evidence for heterogeneous effects of both patenting and importing activities...

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...

Intangible knowledge capital (IKC) – technology produced by workers but not embodied in them – can offset the "middle income trap" as China exhausts the benefits of international technology transfer. IKC is productivity-enhancing among Chinese enterprises – more so in domestically owned...

This chapter evaluates whether standards and labeling programs aimed at improving the energy efficiency of electrical appliances have been successful at achieving their goals. Standards and labeling programs work to reduce energy consumption by (a) influencing consumers’ choice of appliance...

This paper tries to analyse some important and present aspects of the European Union situation in the innovation activity, relatively to its main competitors on the global market: USA, Japan and China. The study shows that, although EU has been for many years behind USA and Japan and before...

The race between industrial robots and human, not only for the developed countries, but also for emerging market countries, especially China, is widely discussed among economists and policy makers. China, as the largest industrial nation, is struggling for structural transformation and...