August 2002
Academy of Management Proceedings & Membership Directory;2002, pG1
Conference Proceeding
We consider the interaction between governmental institutions and firm-level strategies in shaping the process of economic development. On the basis of conceptual models of technological catch-up and innovation, we show that the relationship between institutions and development varies over the development process. When a country is far from the technological frontier, governments can unleash a "Big Push" of industrialization by overcoming the collective action dilemma faced by individual firms that have to make investment decisions. But as the economy approaches the technological frontier, the government should follow rather than lead the market because the "Big Pull" of technological innovation depends on multiple innovation efforts by many firms rather than on centralized planning. Countries can therefore suffer from a "technology gap" when their political development is advanced relative to their economic development, or an "institutional gap" in the reverse case. We provide empirical evidence of these effects.


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