This study addresses a linking mechanism between nonmarket strategy, Austrian economics and firms’ strategic change. Drawing on the results from a case study of China’s telecommunications industry, we develop an integrative framework suggesting that telecommunications development and strategic change in China does not depend merely on economic growth, the nonmarket factors play a more significa...

We examine the role of financial development in economic growth in the former Communist countries of Central and Eastern Europe and the Commonwealth of Independent States during the first two decades since the beginning of transition. These countries, which had undeveloped financial systems under Communism, provide an interesting test of the relationship between financial development and growth...

Can income equality be combined with high economic efficiency and rapid economic growth? Fortunately, we need not answer such a general question. Indeed, the question is poorly phrased. The relationship between income and wealth distribution on one hand, and efficiency/growth on the other, depends on how a certain distribution of income and wealth has come about. For example, if a given redistr...

The Indian government is launching a series of new initiatives to boost public-private research partnerships and to jumpstart science-driven economic growth. But will the current global economic downturn hamper these efforts?

This article provides a test of the secularization hypothesis, which argues that economic growth, industrialization, increased literacy and decreasing fertility depress religiosity. It focuses on the elections of the secular politicians who voted in favor of the separation between Church and State in the French Parliament in 1905. If the secularization hypothesis is correct, these secular polit...

This article challenges a prevailing view that diminished electoral prospect of the incumbent UPA government is the result of neglecting growth to launch populist welfare schemes. We look at a wide range of economic indicators to show that compared to the NDA regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital inflows,...

T he relationship between shifts in the world market and ideas on economic development in Latin America contrasted sharply with that in Romania before the First World War. In the latter country, market failure, social upheaval, and access to the continuing Russian debate led to new theoretical responses, in both Marxist and non-Marxist discourses; in Latin America, the perceived success of the ...

The consensus of the aid effectiveness literature is that foreign aid is effective at spurring economic growth in recipient countries. However, economic growth is heterogeneous in nature, driven by a number of different activities within an economy. This paper contributes to the literature by disaggregating the Gross Domestic Product of recipients in order to investigate the type of economic gr...

Regional economic integration is the development trend of market economy. Beijing, Tianjin and Hebei Metropolitan Circle has great development potential, and therefore, bringing their industrial advantages into full play and realizing the coordinated development of three industries, play very important role in promoting the economic development of this area. This paper analyzes the necessity of...