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ID:
121803
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| Publication |
2013.
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| Summary/Abstract |
This paper intends to give a nuanced interpretation 'the middle income trap' in the discussion on China's economic future. A developing nation gets 'trapped' when it reaches a relatively comfortable level of income but cannot take the step into the next level. In this paper, the usually made connection between income trap and the structure of economy is critically examined and the 'trap' is interpreted as a bearer of information in itself. According to the Austrian school of economics (Hayek), prices represent the sum of information that is available to the markets. Stagnating incomes will consequentially be read as information concerning the lack of growth of the productivity of the work force and the industry. The 'middle income trap' has to be addressed at microeconomic level, focusing on the increase of productivity. Usually, the trap cannot be addressed by government policies, but has to be solved by increased entrepreneurship.
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| 2 |
ID:
188572
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| Summary/Abstract |
In this paper, the questions of how support policies affect invention and diffusion of solar PV technology and whether the effect is heterogeneous and counteracting are investigated in order to help policy makers produce a better policy mix. The policies (and policy proxies) investigated are Feed-in-tariffs (FITs), Public R&D stock and flow, Environmental tax, and Environmental Policy Stringency Index. The policies are within the control of national government and no EU level policies are investigated. Evaluating policies on several dimensions is highly important since there is a risk that policies can promote one aspect of technological progress such as invention but derail diffusion. A Schumpeterian technological development approach is utilised on a panel dataset covering 23 European countries between 2000 and 2019. Two econometric approaches are employed, a negative binomial regression model is used to assess inventions and a panel data fixed effect regression is used for the diffusion model. The empirical findings suggest that no counteracting policy effects were present.
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| 3 |
ID:
152085
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| Summary/Abstract |
This paper explores the relationship between ground rent, production and knowledge in Ecuador’s neo-structuralist, state-led project to transform the productive matrix. Based upon insights from the Marxian approach to the critique of political economy, we interrogate how neo-structuralism has conceptualised the relationship between ‘natural resource income’ and ‘knowledge-based’ economic development. The paper argues that a rent-theoretical perspective, which takes seriously the regional unfolding of uneven geographical development in Latin America, can highlight the limits of a national development plan conceived according to the logic of Schumpeterian efficiency. In doing so, the paper identifies the contradictory relationship between natural resource exports, state-led ‘knowledge’-based development and capital accumulation. On this basis the paper offers a historically and empirically informed critical analysis of selective import substitution industrialisation and vanguard science and technology strategies designed to transition Ecuador away from primary resource dependence.
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