There is substantial heterogeneity across industries in the level of interdependence between new and old technologies. I propose a measure of this interdependence–an index of sequentiality in innovation–which is the transfer rate of patents in a particular industry. I find that highly sequential industries have higher profitability, higher variance of firm growth, lower exit rates, and lower ra...

Is market-based or bank-based financial system better for fostering technological innovation as an engine of growth? I present evidence that bank-based systems promote rapid technological progress in those industrial sectors that depend heavily on external finance for funding innovation by facilitating credit access to younger firms. On the other hand, I also find evidence of a general positive...

The process of globalization has continued to generate controversy on its impact on groups that are vulnerable to poverty. In this respect, there is evidence that farmers in most developing countries are increasingly vulnerable to poverty due to a number of reasons. One possible reason could be the limited access to the technologies that assist farmers in improving their production and later in...

This paper summarizes the experience gained in dealing with resistance to change appeared in the companies when they develop innovative processes related to the adoption of new technologies, tools, equipment, infrastructure and methodologies. Technological innovation is rapidly absorbed by society on a personal level. But at the enterprise level, resistance to innovation can occur at any hierar...

Growing reliance on food-based biofuels has created considerable controversy about their impact on food prices and the environment and led to scepticism about their sustainability. This review describes the concept of sustainability in the context of biofuels and then discusses the factors affecting the economic viability of current and next-generation biofuels and their environmental and socia...