Assessing divergent development trajectories: Schumpeterian competition, finance and financial governance

Development Trajectories: An Evolutionary Approach to Integrating Governance and Growth

Bridging the Gap between Schumpeterian Competition and Evolutionary Game Theory

This paper suggests that the analysis of Schumpeterian competitionwithin the Nelson--Winter model should be complemented with evolutionary game theory. This model and its limitations for density-dependent Schumpeterian strategies are presented in terms of the equations of evolutionary dynamics. Formulated as evolutionary games, the set of strategies can easily be extended from innovators and im...

Governance and Financial Fragility

Corporate Governance, Competition and Finance: Re-thinking Lessons from the Asian Crisis

This paper critically examines the Greenspan-Summers-IMF thesis concerning the Asian crisis, which suggested that the fundamental causes of the Asian crisis lay in the microeconomic behavior of economic agents in these societies – in the Asian way of doing business. The paper concentrates on corporate governance and competition in emerging markets and outlines the international significance of ...

Dutch sector-wide supplementary pensions: fund governance, European competition policy, and the geography of finance

There is considerable interest in the design and funding of European pension systems.While many commentators emphasise the financial burden of underfunded European social security systems, less understood are the structure and performance of European supplementary pensions. We introduce readers to the Dutch system of funded supplementary pensions, focusing upon the governance structure of those...