Book contents
- Innovation Systems, Policy and Management
- Innovation Systems, Policy and Management
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Abbreviations
- Introduction
- Part I Innovation Policy and Innovation Systems
- Part II Innovation in Developing and Emerging Countries
- 5 National Systems of Innovation in Developing Countries
- 6 Innovation, Credit Constraints, and National Banking Systems
- 7 Pro-Cyclical Dynamics of STI Investment in Mexico
- 8 Gaps in the Relative Efficiency of National Innovation Systems and Growth Performance across OECD and BRICS Countries
- 9 Differential Effects of Currency Undervaluation on Economic Growth in Mineral- vs Manufacturing-Exporting Countries
- Part III Regional Innovation Systems and Policies
- Part IV Innovation Management and its Links with Policy
- Index
- References
6 - Innovation, Credit Constraints, and National Banking Systems
A Comparison of Developing Nations*
from Part II - Innovation in Developing and Emerging Countries
Published online by Cambridge University Press: 10 August 2018
Edited by
Book contents
- Innovation Systems, Policy and Management
- Innovation Systems, Policy and Management
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Acknowledgements
- Abbreviations
- Introduction
- Part I Innovation Policy and Innovation Systems
- Part II Innovation in Developing and Emerging Countries
- 5 National Systems of Innovation in Developing Countries
- 6 Innovation, Credit Constraints, and National Banking Systems
- 7 Pro-Cyclical Dynamics of STI Investment in Mexico
- 8 Gaps in the Relative Efficiency of National Innovation Systems and Growth Performance across OECD and BRICS Countries
- 9 Differential Effects of Currency Undervaluation on Economic Growth in Mineral- vs Manufacturing-Exporting Countries
- Part III Regional Innovation Systems and Policies
- Part IV Innovation Management and its Links with Policy
- Index
- References
Summary
The importance of innovation and technical change for economic development has been investigated in a large range of literature, both theoretical and empirical. One key finding of this research is that it is important to distinguish between innovations in the sense of cutting edge developments at the technological frontier and the incremental processes associated with the adoption and diffusion of existing technologies. Kim (1997), in his now classic study on the role of technological catch-up in Korea’s rapid economic growth from the 1960s, refers to “innovation through imitation,” and Lee (2005), in his analysis of the opportunities and barriers to technological catch-up, also emphasizes the importance of imitation in the early so-called OEM (own equipment manufacturing) stage of the process.
- Type
- Chapter
- Information
- Innovation Systems, Policy and Management , pp. 178 - 216Publisher: Cambridge University PressPrint publication year: 2018
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