Senthilkumar Thangavelu, Sangeetha Gunasekar and Amalendu Jyotishi
The purpose of this paper is to understand the nature of the feedback effects of economic growth on innovation. The question is whether the economies with higher levels of…
Abstract
Purpose
The purpose of this paper is to understand the nature of the feedback effects of economic growth on innovation. The question is whether the economies with higher levels of endowments have a declining feedback effect of income on innovation and contribute to the development of effective innovation policies are raised.
Design/methodology/approach
This study hypothesizes that innovation input’s response to economic growth in terms of income is an inverted “U” shaped path, whereas the innovation output’s response to income is positive and asymptotic. This paper uses the global innovation index data of 154 countries over the period 2013–2017 on innovation and gross domestic product for the analysis using the fixed-effect regression models.
Findings
The results confirmed the inverted U shaped relationship in the line of Kuznets’s curve for innovation input and that of negative slope and asymptotic behaviour for innovation output.
Research limitations/implications
In this study, the analysis performed using the global innovation index 2013–2017 data. This study can be extended at each factor level to understand this phenomenon in depth with more data and to help in improving the innovation policies for the betterment of the economic growth.
Practical implications
This study suggests that developed countries need to guard against complacency in their innovation efforts because of the asymptotic nature exhibited through the effective development of innovation policies. The developing economies can look forward to establishing themselves in the domains of innovation input through imitation of technologies.
Originality/value
This paper extends the study of feedback effects of economic growth on innovation. This study brings out the nature of feedback effects of economic growth on input innovation and output innovation activities. The results show a declining feedback effect of income on innovation in economies with a higher level of endowments and highlight the inclusion of feedback effects of economic activities on the innovation while designing the innovation and economic policies of a country.
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Keywords
Samit Tripathy, Angan Sengupta and Amalendu Jyotishi
In recent times, high demand for cloud-based services has led to substantial focus in extant literature from technological and business perspectives. However, the prevailing…
Abstract
Purpose
In recent times, high demand for cloud-based services has led to substantial focus in extant literature from technological and business perspectives. However, the prevailing market imperfections have not drawn much interest. This study aims to emphasize on potential sources of market imperfections from new institutional economics (NIE) perspective and attempts to bring forth the importance of public policy in cloud computing ecosystem.
Design/methodology/approach
This study takes a review-based deductive approach to present a set of propositions which highlight potential causes leading to suboptimal performance of cloud-based services.
Findings
Lack of clarity around ownership and property rights, high asset specificity, existence of information asymmetry and bounded rationality of the provider and consumer, lead to higher transaction cost for providers and consumers, discouraging participation. This would lead to moral hazard and adverse selection and create market imperfections. Appropriate contractual guidelines, standards, legal framework and policy measures will reduce the risk of such imperfections.
Research limitations/implications
As the focus of the study is to forward the propositions and not to empirically test them, future researchers can adopt data-driven studies to validate those propositions.
Practical implications
To ensure equity in the cloud-market, government and industry bodies should work towards enabling both the small and large players to use cloud-based services efficiently and effectively. Appropriate public policy measures can help remove potential market imperfections, encourage better participation and adoption of cloud-based services.
Originality/value
This study identifies potential market imperfections in cloud computing ecosystem through the lens of the theoretical frameworks of NIE.
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Tenzin Namgha, Ganesh L. and Amalendu Jyotishi
An issue concerning Tibetan refugees in India is the poverty and unemployment among Tibetan youth. This often leads to households adopting a strategy of sending one of its members…
Abstract
Purpose
An issue concerning Tibetan refugees in India is the poverty and unemployment among Tibetan youth. This often leads to households adopting a strategy of sending one of its members abroad towards North American or European countries in search of better income opportunities. Incomes in the form of remittances from these forward migrants have numerous impacts on living standard of left behind families. This study aims to focus on the influence of forward migrant’s remittances on livelihood in terms of human, financial and social capital development of Tibetan refugees in India.
Design/methodology/approach
The paper includes 400 households from high-economic and low-economic-access regions of Tibetan settlements in India. Ordinary least square method was used to study these impacts.
Findings
Findings show that remittances have significantly influenced human and financial capital development. However, it was found to be statistically not significant for social capital development.
Originality/value
The present paper is original work.