Ács, Zoltán J., Autio, Erkko, & Szerb, László. (2014). National Systems of Entrepreneurship: Measurement Issues and Policy Implications. Research Policy, 43(3), 476-494. Entrepreneurship's Role in Economic Development: Entrepreneurs are vital for economic development, introducing change and challenging established industries. Economic benefits of entrepreneurship include innovation, job creation, productivity, technology transfer, and knowledge spillovers. There is …
Article summary – Richard Nelson’s “What Enables Rapid Economic Progress: What Are the Needed Institutions?”
Nelson, Richard R. (2008). What Enables Rapid Economic Progress: What Are the Needed Institutions? Research Policy, 37(1), 1-11. Introduction Central Thesis: The article explores the vital role of institutions in economic growth, especially in relation to technological progress. Background: Critiques prior economic growth literature for its narrow focus on institutional efficiency, neglecting the critical aspect …
Article summary – Wynn, Liu & Cohen “Quantifying the Economy‐wide Returns to Innovation for Australia”
Wynn, Katherine, Mingji Liu, and Jasmine Cohen. “Quantifying the Economy‐wide Returns to Innovation for Australia.” Australian economic papers 61.3 (2022): 591–614. Web. R&D Expenditure in Australia: Australia's R&D expenditure as a share of GDP is lower than the OECD average and has been declining over the past decade. This is significant given that a quarter …
Article Summary – Lewis & Mikolajczak “Policy innovation in Australia: Divergence in definitions, problems, and solutions”
Lewis, J. M., & Mikolajczak, G. (2023). Policy on innovation in Australia: Divergence in definitions, problems, and solutions. Australian Journal of Public Administration, 82, 26–45. https://doi.org/10.1111/1467-8500.12575 Historical Context: Innovation has long been associated with the private sector, but the role of governments, including in Australia, has evolved to become more central in fostering innovation. Changing …
Book summary – How to Avoid a Climate Disaster by Bill Gates
Gates, Bill. "How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need." Knopf, 2021. Achieving Zero Greenhouse Gas Emissions by 2050: Bill Gates advocates for urgent global action to eliminate emissions. A critical goal to avert severe climate change consequences. Requires significant changes across diverse sectors. Key Areas Contributing to …
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Criticism of Collier’s Exodus
Ceravolo, F. A., & Eve, M. (2017). Paul Collier, Exodus. How Migration is Changing Our World, Oxford Universities Press. Cambio. Rivista Sulle Trasformazioni Sociali, 7(13), 199–203. https://doi.org/10.13128/cambio-21921 Assumptions on Cultural Diversity: Collier posits that cultural diversity, stemming from migration, directly impacts social cohesion and trust within societies. He leans on Robert Putnam's findings to support this, asserting …
Book summary – Paul Collier’s “Exodus”
Collier, Paul. Exodus: How Migration is Changing Our World. Oxford University Press, 2013. Introduction to Global Migration Migration is a pivotal global issue, significantly influenced by globalization and income disparities. Historically, migration has shaped societies and cultures, impacting both origin and destination countries. Intensively debated in political forums, particularly in the US and Europe, often …
Article summary – Bloom, Schnkerman and Van Reenan “Identifying technology spillovers and product market rivalry”
Bloom, Nicholas, Mark Schankerman, and John Van Reenen. “IDENTIFYING TECHNOLOGY SPILLOVERS AND PRODUCT MARKET RIVALRY.” Econometrica 81.4 (2013): 1347–1393. Web. R&D Spillovers: The research identifies two main types of spillover effects from Research and Development (R&D). The first is technology or knowledge spillovers, which can enhance the productivity of other firms in similar technological fields. Product Market …
Bible chapter summary – Genesis 12-50
Overarching summary Continuation of Storyline: After discussing creation and early human failures in Genesis chapters 1-11, the narrative shifts to focus on Abraham's family, starting with God's promise to make Abraham a great nation in Canaan, a direct contrast to Babylon's failed self-glorification. God's Plan through Abraham: The central theme is God's plan to redeem …
Article summary – A Toolkit of policies to promote innovation by Bloom, Van Reenan and Williams
Bloom, Nicholas, John Van Reenen, and Heidi Williams. 2019. "A Toolkit of Policies to Promote Innovation." Journal of Economic Perspectives, 33 (3): 163-84.DOI: 10.1257/jep.33.3.163 Overview Context: The US, since the 1970s, has seen a persistent slowdown in productivity growth, mirrored in other developed countries. This trend is accompanied by stagnant real wage growth and rising wage inequality. Purpose: The …
RICHARD WILSON 