Parallel Imports and Innovation in an Emerging Economy

Parallel imports and innovation in an emerging economy: the case of Indian pharmaceuticals.

This paper studies the impact of the re-importation of imitated pharmaceuticals as a by-product of an open policy toward parallel import (PI) on process innovation. Foreign investment by a firm to exploit a new unregulated market with weak intellectual property rights can give rise to imitation. These products can potentially re-enter the original country when PI is allowed influencing research...

Open innovation in an emerging economy

Purpose – The purpose of this paper is to examine the performance of firms in Peru in relation to open innovation. Design/methodology/approach – Data were acquired through a survey of Peruvian middle and senior managers. Findings – Peruvian firms engaged in open innovation did report higher sales growth. The study indicated that involvement in open innovation included activities to reduce opera...

Money Growth Rules in an Emerging Small Open Economy with an informal sector

This paper is concerned with the saddle-path stability of monetary growth rules in a two-country two-sector dynamic stochastic general equilibrium model. Alongside standard features of emerging economies, such as a combination of producer and local currency pricing for exports, fiscal dominance and oil exports, this model also incorporates informal labour and production sectors and examines how...

Is Tanzania an emerging economy?

The Credit Channel in an Emerging Economy

To date, there is no consensus about how frictions in the credit market affect the transmission of the monetary policy to the real economy. The traditional money channel states that when the Central Bank reduces its reserves, commercial banks are forced to reduce their demand for deposits. If prices are sticky, in the short-run a decrease in real monetary holdings should lead to higher real int...