A Theory of Innovation: Market Transition, Property Rights, and Innovative Activity
(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:
https://lup.lub.lu.se/record/1695907
- author
- Nee, Victor ; Kang, Jeong-han and Opper, Sonja LU
- organization
- publishing date
- 2010
- 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}}, }