This is a new and expanded edition of a competitiveness report from the AeA in 2005, shifting emphasis more towards recommendations for action, with updated data and analysis providing the context.
This Governor’s Guide examines the changing economic environment in which clusters function, summarizes the lessons learned from recent experience, and offers practical recommendations for cluster initiatives that governors can take to strengthen their states’ economies.
This analysis uses 67 measures to provide a relative, state-by-state assessment of economic development, assigning grades in three main areas: Performance, Business Vitality, and Development Capacity. Delaware, Connecticut, Colorado, Massachusetts, Michigan, and Utah are praised for their successes.
In this paper, the authors test the relation between cognitive distance and innovation performance of firms engaged in technology-based alliances. The key finding is that the hypothesis of an inverted U-shaped effect of cognitive distance on innovation performance of firms is confirmed.
Using the growth of fast moving Indian states as a guide, the authors conclude that India may not revert to the pattern followed by other countries, despite reforms that have removed some policy impediments that contributed to India’s distinctive path.
The authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions.
Drawing on multiple case studies, the authors identify four types of new product development practice in Chinese B2B firms and explore the reasons for variation in performance between the four. The authors find that critically, the most successful firms were found to be those characterised by a driving-market approach, rather than those relying solely on relationships and reacting to changing market phenomena.
This paper uses an institutional perspective to examine the interplay of government intervention, manufacturing systems and business approaches and its impact upon the new product development (NPD) practices of SMEs in the three regions. In-depth personal interviews with 43 Chinese, 26 Hong Kong and 28 Taiwanese SMEs were undertaken to examine the respective similarities and differences in NPD practices and to compare and contrast the Chinese practices with those of their Western counterparts.
The authors examine parameter heterogeneity in prominent approaches to institutions and economic performance. They find that a new set of instruments is necessary to control for endogeneity, but that a common set of economically important institutions does indeed exist among advanced and developing nations.
The two-year action plan is based on best practice analysis of the states Southeastern competitors. Recommendations are provided from economic development professionals within the South Carolina Department of Commerce and throughout the state.