Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …

-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

-led capital investment focus toward domestic consumption, productivity and higher levels of innovation. In this transition towards … increase indigenous (i.e. China-based) innovation in an effort to turn China into a global leader in R&D and innovation. In … this topic reflect the growing significance of China as a hub for global innovation, they have largely underestimated the …