Incentives or Industrial Policy for Economic Growth? 240.0
William Easterly criticized his fellow economists in international financial institutions for failing poor countries in their elusive quest for growth in his ‘hard-nosed’ (Solow) and ‘original’ (The Economist) 2001 book. In the Preface to this edition (2002), he writes “the World Bank encourages gadflies like me to find another job.” He had to move on [...]
Bass Model Captures Diffusion of Innovation 190.0
Proposal for a new survey metric for innovations from emerging markets Global surveys on innovation are biased for the developed world because they use proxy metrics like patents issued, R&D spending, number of PhD accepted or journal papers published that are taken from the science-oriented and citation-based innovation model that applies well to the developed [...]
