Competition Innovation And Inclusive Growth
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Competition Innovation And Inclusive Growth
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-19
Competition Innovation And Inclusive Growth written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-19 with Business & Economics categories.
We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the marked increase in inequality. Beyond consumer welfare in a narrow market, competition policy should adapt to this new reality by considering the spillover and dynamic effects of market power, especially on firm entry, innovation, and inequality. Innovation policies should tackle not only government failures but also market failures.
Creating Competitiveness
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Author : David B. Audretsch
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-02-01
Creating Competitiveness written by David B. Audretsch and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-01 with Business & Economics categories.
Although competitiveness is typically associated with firms, they are not the only organizational body whose performance is dependent upon competitiveness. This poignant and insightful book focuses on how the varied economic performance of cities and regions, both within nations as well as across nations, during the era of the ÔGreat RecessionÕ also highlights the need for competitiveness. Competitive cities and regions enjoy a superior economic performance, while their less competitive counterparts experience poorer economic growth and increasing unemployment. Using leading frameworks, this study provides applications and case studies about what shapes the competitiveness of places in an international context. Specific policies that enhance local competitiveness are identified and analyzed. Scholars of regional economics, urban economics, urban planning and public policy as well as policymakers will find plenty of invaluable information in this invigorating book.
Unleashing India S Innovation
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Author : Mark Dutz
language : en
Publisher: World Bank Publications
Release Date : 2007-10-15
Unleashing India S Innovation written by Mark Dutz and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-10-15 with Business & Economics categories.
India's recent growth rate has been impressive, with real GDP rising by over 8 percent a yearsince 2004. The country is also becoming a top global innovator for high-tech products andservices. Still, India is underperforming relative to its innovation potential. Even a dynamicyoung population--more than half of whom are under 25 years of age--is constrained when skillstraining and higher education are insufficient. To sustain competitiveness, economic growth, andrising living standards over the long term, India needs to aggressively harness its innovation potential. The term innovation is broadly defined in this book to include both the creation andcommercialization of new knowledge and the diffusion and absorption of existing knowledge in newcontexts. A unique feature is the book's focus on inclusive innovation, that is, knowledge creationand absorption activities most relevant to the needs of the poor. Concrete recommendations aremade for increasing productivity and welfare through the disciplining role of competition, includingtraining and education, information infrastructure, and public and private finance as supportmechanisms for broad-based innovation. 'Unleashing India's Innovation: Toward Sustainable and Inclusive Growth' provides nationaland local policy makers, private sector enterprises, academic and research institutions, international organizations, and civil society with a better understanding of the power of innovation to fuel economic growth and poverty reduction.
Development Centre Studies Competition Innovation And Competitiveness In Developing Countries
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Author : Krieger Mytelka Lynn
language : en
Publisher: OECD Publishing
Release Date : 1999-08-26
Development Centre Studies Competition Innovation And Competitiveness In Developing Countries written by Krieger Mytelka Lynn and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-08-26 with categories.
This book therefore opens a fresh debate on the industrial policies which developing countries need to adopt in order to compete and grow in a globalised economic environment.
Competition And Growth
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Author : Philippe Aghion
language : en
Publisher: MIT Press
Release Date : 2008-01-25
Competition And Growth written by Philippe Aghion and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-25 with Business & Economics categories.
Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.
Competition Innovation And Competitiveness In Developing Countries
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Author : Lynn Krieger Mytelka
language : en
Publisher: OECD Publishing
Release Date : 1999
Competition Innovation And Competitiveness In Developing Countries written by Lynn Krieger Mytelka and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Annotation In developing countries and emerging economies, traditional industrial practices can be linked to policy changes which foster innovation, but can equally result in stagnation if the policy/practice mix is wrong. These case studies -- from Brazil, Chinese Taipei, India and Korea -- demonstrate that where industrial habits tend to reduce competitiveness, policies can make a difference. The book opens a fresh debate on the industrial policies developing countries need to adopt to compete and grow in a globalized economic environment.
Trade And Inclusive Growth
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-12
Trade And Inclusive Growth written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-12 with Business & Economics categories.
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting literature showing the aggregate benefits of trade versus the adverse and persistent impact of trade, especially import competition, on specific industries and local communities. The paper then reviews the evidence for using trade policies and other complementary policies for adjustment and compensation to those groups adversely affected by trade.
Fair And Inclusive Markets Why Dynamism Matters
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Author : Philippe Aghion
language : en
Publisher: International Monetary Fund
Release Date : 2021-02-05
Fair And Inclusive Markets Why Dynamism Matters written by Philippe Aghion and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-05 with Business & Economics categories.
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism—a drive toward sophisticated export industries, innovation, and creative destruction and a high level of competition. What a country produces and how much it competes domestically and internationally are important for achieving fair and inclusive markets. We explore policy options to steer industrial and market structures toward providing growth opportunities for both workers and firms.
A Step Ahead Competition Policy For Shared Prosperity And Inclusive Growth
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Author : The World Bank
language : en
Publisher: OECD Publishing
Release Date : 2017-10-13
A Step Ahead Competition Policy For Shared Prosperity And Inclusive Growth written by The World Bank and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-13 with categories.
This publication puts forward a research agenda advocating the importance of market competition, effective market regulation and competition policies for achieving inclusive growth and shared prosperity in emerging and developing economies.
Innovation Commons
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Author : Jason Potts
language : en
Publisher: Oxford University Press
Release Date : 2019-07-02
Innovation Commons written by Jason Potts and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-02 with Business & Economics categories.
Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries. The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative group, under conditions of extreme uncertainty, working toward the mutual purpose of opportunity discovery about a nascent technology or new idea. Among the problems commons address are those of the identity; cooperation; consent; monitoring; punishment; and independence. A commons is efficient compared to the creation of alternative economic institutions that involve extensive contracting and networks, private property rights and price signals, or public goods (i.e. firms, markets, and governments). In other words, the origin of innovation is not entrepreneurial action per se, but the creation of a common pool resource from which entrepreneurs can discover opportunities. Potts' framework draws on the evolutionary theory of cooperation and institutional theory of the commons. It also has important implications for understanding the origin of firms and industries, and for the design of innovation policy. Beginning with a discussion of problems of knowledge and coordination as well as their implications for common pool environments, the book then explores instances of innovation commons and the lifecycle of innovation, including increased institutionalization and rigidness. Potts also discusses the possible implications of the commons framework for policies to sustain innovation dynamics.