The secret of any economic miracle lies in correct identification and implementation of development priorities, the latter giving an opportunity to ride another wave of economic growth. But in order to do this, it is ...

The general aim of this paper is to identify the role and significance of the innovation activity as effective instruments of economic development and structural change. The role and significance of the scientific-and-te ...

As various scholars have pointed out, there is nothing intrinsically welfare enhancing or necessarily income equalizing about technological change. How should we think of market creation and regulation for innovations? ...

Costa Rica has been successful in attracting high-tech foreign direct investment (FDI). An aggressive FDI-assisted development strategy was pursued by the country in the 1980s as a response to the economic crisis; yet there ...

This paper is based on an application of complex systems' approach to economics with the objective of explaining the micro, meso and macroeconomic mechanisms of development. The complex systems' approach makes it possible ...

This paper focuses on the questions of: why do some economically disadvantaged countries develop significantly faster than others? and what roles do their educational systems play? Comparing the cases of South Korea and ...

This paper explores macro-, and meso-economic forces shaping search and explorative behaviour at the firm level. In particular, we focus on top-down selection mechanisms (both direct and indirect) that modify the rate ...