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Full-Text Articles in Political Economy
Linking Development And Innovation: What Does Technological Change Bring To The Society?, Evgeny A. Klochikhin
Linking Development And Innovation: What Does Technological Change Bring To The Society?, Evgeny A. Klochikhin
Evgeny A. Klochikhin
Recently, there has been a popular trend in academic research for paying more attention to ‘pro-poor’ policies and theoretical studies. This tradition has emerged from a broader understanding of development that includes not only economic but also social and political dimensions. Meanwhile, innovation researchers are still considering development as mere economic growth without much focus on the social impacts of technological change. This article recognizes that, despite these fundamental differences, the concepts of innovation and development have much in common and are, in fact, positively connected and mutually beneficial. This assumption has some important implications for the innovation and development …
Reconsidering The Defense-Growth Relationship: Evidence From The Islalmic Republic Of Iran, Bruce D. Mcdonald Iii
Reconsidering The Defense-Growth Relationship: Evidence From The Islalmic Republic Of Iran, Bruce D. Mcdonald Iii
Bruce D. McDonald, III
Recent literature has failed to reach a consensus on how best to model the defense-growth relationship. Although several attempts have been made to solve the problem by the theoretical comparison of models, empirical attempts of comparison have been largely restricted to the United States. Given the recent criticism of the Feder-Ram model, this paper uses Iranian data to compare the performance of the Feder-Ram and augmented Solow models in the context of a growing, yet heavily militarized, economy. The results indicate that the improved ability of the augmented Solow model to explain economic growth can better account for the effects …