Tag Archives | innovation Industry and tradeGovernance and public sector managementEconomics, Education, Finance sector development, Governance and public sector managementEconomics, Finance sector development, Governance and public sector management
Dismissal laws, innovation, and economic growth
By Krishnamurthy V. Subramanian. Posted June 4, 2018
The appropriate degree of government intervention in private contractual relationships, particularly in employment law, remains a fraught public policy issue. In arguing the detrimental effects of laws that prevent employers from terminating labor contracts with employees, flexible labor market conditions in the United States (US)—exemplified by the common-law “employment-at-will” doctrine—are often contrasted with the rigidities engendered by employment protection provisions in several European countries.
Law, culture, and innovation
By Douglas Cumming and Sofia Johan. Posted November 27, 2017
Many aspects of motivating innovation are painfully obvious, but much research on the topic is segmented depending on the particular issue of interest and the available data for examining that issue.
Management quality and innovation
By Thomas J. Chemmanur and Karen Simonyan. Posted October 13, 2017
It is well recognized that innovation is an important ingredient in generating the competitive advantage and long-run growth of nations, ultimately affecting their economic development. Thus, there is considerable interest in the determinants of innovation, not only in the corporate sector but also among policy makers around the world and in Asia in particular.
Escaping the middle income trap: Innovate or perish
By Eva Paus. Posted April 13, 2017
The “middle income trap” captures the situation where a middle income country can no longer compete internationally in standardized, labor-intensive commodities because wages are relatively too high, and it can also not compete in higher value added activities on a broad enough scale because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy.
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