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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)
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author
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
2010-10-25 15:01:37
date last changed
2018-05-29 11:22:40
@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},
}