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This paper attempts to reconcile two models for sustainable economic growth in developing countries. I develop an empirical and theoretical case for how the geographic landscape of a country determines the ease with which it can assimilate foreign technologies and establish institutions favorable to economic growth. I explore the threshold between...
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Innovation driven Business Enterprises (IBEs) are critical for economy as they frame economic opportunity around societal challenges, socioeconomic problems resulting in economic growth and better quality of life. But these endeavors in the uncharted water of disruptive technology landscape are fraught with landmines of failure. Building and sustai...
The trend of development of environmental institutions in the third world has experienced a considerable lag since 1970s compared to the pace and scale of environmental threats; and mainly challenged by poor autonomy, weak regulatory capacity, and inadequate political support. Ethiopia, being prone to recurrent droughts and environmental maladies,...
Mobility‐as‐a‐Service (MaaS) offers tailored‐made, on‐demand mobility solutions to users by integrating on a single service subscription, public and private transport modes. However, the concept is still uncertain, and its current development and applicability is centered on developed countries. On the other hand, we advocate that MaaS is modular,...
The present study is an attempt to empirically analyze the role of household characteristics in demand for education. The demand for education is separately analyzed for three levels of education, i.e., school (class 10 and below), college (class 11 to 14) and university (above class 14) levels. The dependent variable is categorized into five group...
Neonatal death is the infant death during the first 28 days after live birth. The number of the neonatal death is expressed as the number of suchdeathsper1000livebirths in a specific geographic area or institution in a given time. This paper aims to study the condition of neonatal death in developed and developing countries through a stochastic app...
Citations
... Institutions and technology are also regarded as social and material technologies, respectively, from the perspective of evolutionary economics (Intarakumnerd et al., 2015;Nelson, 2009;Pelikan, 2003). It is notable when these two factors are mutually selective forces promoting industrial development (Tambovtsev, 2019) since this implies that differences in the institutional environment will also affect the effects of technological innovation on the promotion of industrial upgrading (Fabio, 2010;Veiseh, 2010). Nunn's (2007) research on countries with advantages in high-end manufacturing found that inducing enterprises to develop intensive knowledge by optimising their institutional quality has had a more lasting effect on industrial upgrading. ...
... This observation is equally evident in the case of cybersecurity. Cybersecurity issues have also brought about a radical challenge to the traditional way of measuring technology adoption and usage by using indicators such as the penetration levels or utilization levels (Easterly and Levine 1997;Veiseh 2010). ...
While scholar and policymakers have realized the importance of information and communication technologies in economic development, relatively less attention has been given to the role of cybersecurity. This research sheds light on issues associated with the "dark side" of digitization in the Global South. We examine the hollowness in the Global South’s digitization initiatives that is associated with a poor cybersecurity. The article also advances our understanding of how institutional and structural characteristics of the Global South influence cybersecurity.
... Readers find it hard to comprehend that economic development is insulated from effect of geography and topographical characteristic of nation and challenges it exerts to technological diffusion. Studies have revealed that nation facing of escalating production cost and vicinity to global market (due to geographical constraints) have slow technological diffusion (Veiseh, 2010). Additionally if we look from the perspective of climate change and future development, developing economy which are most vulnerable to climate change (geography factor) has high probability of facing adverse situtations on the road towards economic prosperity. ...
... Readers find it hard to comprehend that economic development is insulated from effect of geography and topographical characteristic of nation and challenges it exerts to technological diffusion. Studies have revealed that nation facing of escalating production cost and vicinity to global market (due to geographical constraints) have slow technological diffusion (Veiseh, 2010). Additionally if we look from the perspective of climate change and future development, developing economy which are most vulnerable to climate change (geography factor) has high probability of facing adverse situtations on the road towards economic prosperity. ...
This research paper is an attempt to investigate Asset Price Bubbles (APB) with reference to Pakistan stock market. The analysis of time series graph shows a linear trend between Consumer Price Index (CPI) and Money Supply Index (M2I) whereas a nonlinear trend with stock prices. Moreover, the graph also shows an unequal spread with the stock prices, which indicate Heteroskedasticity. Then, descriptive statistics test shows high Standard Deviations for stock prices compared with CPI and M2I, which indicate a higher volatility in stock prices. Finally, the hypothesis test for equality of variance concluded the presence of Asset Price Bubbles by rejecting null hypothesis of equal volatility against the alternative hypothesis of greater volatility in stock prices.
... Readers find it hard to comprehend that economic development is insulated from effect of geography and topographical characteristic of nation and challenges it exerts to technological diffusion. Studies have revealed that nation facing of escalating production cost and vicinity to global market (due to geographical constraints) have slow technological diffusion (Veiseh, 2010). Additionally if we look from the perspective of climate change and future development, developing economy which are most vulnerable to climate change (geography factor) has high probability of facing adverse situtations on the road towards economic prosperity. ...
This paper covers the issue of foreign collaboration in the Indian Business Education and its implications on professionalism and development of competence among the budding managers. The issue of foreign
collaboration in Indian Business Education is considerably significant issue in the light of India as an emerging economic power and business. Already there is considerable flow of foreign collaboration in Indian business education witnessed by the institutional partnership. The existing institutional partnership and the future intention of foreign players are entering in business educations have been impacting in the new professional development as well as to develop professional competence in the arena of management education in India. Impacts on the new array of professionalism and competence in the country due to foreign collaboration need a fresh re-look and assessment.
This paper has three sections. Section -1 deals the historical snapshot of global alliances of business education, modes of alliances; section-II deals on the quotients analysis for spread of global alliances, and in final the section the section-III analyses perceptions of stakeholders on the global alliances.
... Readers find it hard to comprehend that economic development is insulated from effect of geography and topographical characteristic of nation and challenges it exerts to technological diffusion. Studies have revealed that nation facing of escalating production cost and vicinity to global market (due to geographical constraints) have slow technological diffusion (Veiseh, 2010). Additionally if we look from the perspective of climate change and future development, developing economy which are most vulnerable to climate change (geography factor) has high probability of facing adverse situtations on the road towards economic prosperity. ...
... • Corruption Index, an annual country score from Freedom House that varies between 1 (totally transparent) to 10 (most corrupt). The impact of corruption on the privatization process in developing countries was investigated by Laffont (2005), and more recently by Veiseh (2010). ...
This study investigates the components of the mobile telephone demand in several countries in the Middle East and North Africa (MENA) between 1995 and 2007. We find that the magnitude of demand elasticities do not entice collusive behavior between service providers because the effect of price reductions is neutral on total revenues. We also find that the cost of service and administrative corruption have a strong negative effect on mobile penetration, which, surprisingly, is higher in countries with more unequal income distribution. The study discusses how market reforms in developed countries fail to translate to developing countries because several negative externalities are often overlooked.
This paper explores the economic features and difficulties encountered by continental nations, with a specific emphasis on the Republic of Serbia, a landlocked country. The author begins with the assertion that landlocked countries make up 38 percent of the population of the world’s poorest billion, and the absence of maritime access alone hinders their economic growth. British economist Paul Collier suggests a number of strategies that landlocked countries can implement to overcome these challenges. Even when the governments of landlocked countries implement all the planned strategies in practice, this is not a guarantee of their success, bearing in mind that a good part of them depends on external factors, primarily the will of neighbouring countries. The research methodology includes the analysis of existing public and economic policies through the prism of Collier’s strategies, which include relying on the economic growth of neighbouring countries, improving economic policies in the region, better access to the coast, tax incentives, improving air connectivity and developing the digital economy, encouraging remittances, creating a transparent environment for investors in the field of natural resources, rural development and attracting foreign aid, in the form of a case study of the Republic of Serbia. The aim of the research is to examine how the strategies of Paul Collier, developed on the basis of his experiences in other landlocked countries, can be applied in the Republic of Serbia, in order to overcome these challenges. The results of the research show that, although the public and economic policies of the Republic of Serbia de facto correspond to Collier’s strategies to a large extent, there is no single national strategic framework for overcoming the development challenges that are a consequence of the lack of access to the sea, and this indicates room for improving existing and introducing new national strategies in order to find systematic solutions to the problem of the landlocked status of the Republic of Serbia.
Considering the importance of technology for industrial structure upgrading, especially under the impetus of the fourth industrial revolution, the paper examines the impact of technology importation on industrial structure upgrading in 31 Chinese provinces from 2002 to 2020. It also emphasises the moderating role of institutional environment based on two dimensions of industrial upgrading. The findings indicate that technology importation has a positive effect on industrial advancement; however, its impact on industrial rationalisation is not significant. A higher-quality institutional environment can indirectly contribute to the impact of technology importation on industrial upgrading. Finally, the effects of technology importation and institutional environment on industrial upgrading vary with regions, and there are also differences in the moderating effects of different aspects of institutional quality. Therefore, the article suggests that technology should be introduced according to the institutional environment of different regions, and the government should develop personalised industrial upgrading strategies.
JEL Classification O33, O14, L16
This theory-based paper attempts classifying and combining methods of orthodox and heterodox economics regarding the measurement of technology levels. The importance of measuring the level of technology is illustrated by technology being a key factor in several neoclassical models. However, just as for the concept of utility, traditional economics treats the level of technology as an abstract scientific construct, without attempts for an absolute quantification. This paper argues that through a systematic classification and various methods, starting- and end points, milestones and even units can be determined. Through surveying the literature, the paper identifies the existing options of measurement, and their shortcomings. Technology is looked at as a “stock”, as opposed to the overrepresented “flow” nature. This gives space for the methods of constructing an absolute scale, and for the unique concept of the “steady-state technology”. Distinctions are made between demand-side and supply-side measurement, as well as between historical and geometrical methods of constructing scales. The methods are illustrated, though not fully implemented, due to limitations in scale and scope. Finally, the paper shows how heterodox economic branches, such as the newly emerging moral economic school, allow for the demand-side measurement to a greater extent, given the adjusted economic axioms. Keywords: technology, demand side, historical method, geometrical method, moral economics
