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A Theory of Innovation: Market Transition, Property Rights, and Innovative Activity

Nee, Victor ; Kang, Jeong-han and Opper, Sonja LU (2010) In Journal of Institutional and Theoretical Economics 166(3). p.397-425
Abstract
The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms. (JEL: O 31, P 31, P 3)
Please use this url to cite or link to this publication:
author
; and
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Journal of Institutional and Theoretical Economics
volume
166
issue
3
pages
397 - 425
publisher
Mohr Siebeck
external identifiers
  • wos:000282029400002
  • scopus:77958521954
ISSN
0932-4569
language
English
LU publication?
yes
id
4bb6298c-88e8-4ee8-9bf5-154da6472a55 (old id 1695907)
date added to LUP
2016-04-01 13:19:55
date last changed
2022-03-21 18:01:56
@article{4bb6298c-88e8-4ee8-9bf5-154da6472a55,
  abstract     = {{The aim of this paper is to specify a theory to explain why transitions to a market economy cause a shift to a higher level of innovation. Marketization increases the power of economic actors relative to political actors, increases inter-firm competition, creates new opportunities for entrepreneurship, and subsequently motivates innovative activity. For our empirical application, we focus on China's transition economy, which offers a broad range of institutional environments to examine the relation between market transition and increasing innovative activity by entrepreneurs and firms. (JEL: O 31, P 31, P 3)}},
  author       = {{Nee, Victor and Kang, Jeong-han and Opper, Sonja}},
  issn         = {{0932-4569}},
  language     = {{eng}},
  number       = {{3}},
  pages        = {{397--425}},
  publisher    = {{Mohr Siebeck}},
  series       = {{Journal of Institutional and Theoretical Economics}},
  title        = {{A Theory of Innovation: Market Transition, Property Rights, and Innovative Activity}},
  volume       = {{166}},
  year         = {{2010}},
}