Japan, South Korea, and Taiwan are regarded as primary examples of countries that have derived great benefits from increasing integration with the international economy, without surrendering national autonomy in the economic or cultural spheres, by pursuing decidedly nonneutral policies with respect to the promotion of specific sectors and activities. This working paper addresses a series of qu...

In this paper, we present a simple model that offers a unified framework for the analysis of economic growth and economic development. In our model, the transformation of production relationships, a key feature of the process of economic development, goes hand-in-hand with economic growth. The main driving force of this pattern is that economic growth in relatively backward economies is associa...

Reducing tax evasion is a priority for many governments. A growing literature argues that verifying taxpayer reports against third-party information is critical for tax collection. However, effectiveness can be limited when tax authorities face constraints to credible enforcement and taxpayers make offsetting adjustments on other margins. We exploit a policy intervention in which Ecuadorian fir...

The main rationale for intellectual property relies on the thesis of the incentive to create. Creators and inventors are economic agents attracted by the returns they expect from their effort. This depiction is practical, but does not give due weight to the complexity of knowledge production. This work does not contest the potential benefit of the opportunity for creators and inventors to reap ...

This essay examines the expansion and diversification of the European university system in the post-war period. The impact of an enormous dimensional growth and of the rise in society's expectations for economic returns are analyzed. We develop a multivariate cluster analysis to group the data on the total European university population according to dimension and scientific research quality mea...

The theoretical literature on FDI and knowledge spillovers has predominantly focused on the firms ’ choice between greenfield investment and exports. This is somewhat surprising since almost 80% of all FDI relates to M&As. The few studies that investigate the choice between greenfield investment and M&A with knowledge spillovers almost exclusively focus on North-South issues where knowledge onl...

This paper examines the nature of high growth firms (HGFs) and how they are supported by public policy. HGFs have become a key focus for public policy within the UK and across many OECD economies in recent years. In parallel with this, there has been a growing body of research and evidence which has accumulated on the nature of these firms. However, sizeable gaps in our knowledge remain on how ...

There is substantial heterogeneity across industries in the level of interdependence between new and old technologies. I propose a measure of this interdependence–an index of sequentiality in innovation–which is the transfer rate of patents in a particular industry. I find that highly sequential industries have higher profitability, higher variance of firm growth, lower exit rates, and lower ra...