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Building an Innovation-Driven Economy – The Case of BRIC and GCC Countries

Gackstatter, Steffen and Kotsemir, Maxim Nikolaevich and Meissner, Dirk, Building an Innovation-Driven Economy – The Case of BRIC and GCC Countries (July 25, 2014). Foresight, Vol. 16, Iss. 4, pp. 293-308 (2014). Available for download at SSRN: http://ssrn.com/abstract=2491488

“Purpose – The purpose of this paper is to undertake an analysis of the attempts of Gulf Cooperation Council (GCC) and Brazil, Russia, India and China (BRIC) countries to catch up in their national development to build an innovation-driven economy on which to base future growth and wealth. We conducted an analysis of GCC and BRIC countries to show the different strategies leaders have taken to try and achieve this aspiration. This paper analyses the various aspects of national innovation systems of BRIC and GCC countries, highlights similar and different approaches and attempts to quantify their success. For example, GCC countries spend extensively on research and development (R&D), but have so far achieved less than meaningful results. Brazil, China and India are catching up to the acknowledged world leaders in innovation, but Russia is lagging. Design/Methodology/Approach – Our comparison was based mostly on secondary data from sources and institutions that use statistical data to build country rankings, such as the Global Competitiveness Index (GCI) produced by the World Economic Forum. BRIC and GCC countries were analyzed over 1996-2011 because most of the indicators data are only available from 1996. Data related to intellectual property rights have been collected since 1999 or 2000. The data available for the number of researchers proved problematic for both BRIC and GCC countries. For instance, some data for the GCC countries was missing. To not leave a gap, we extrapolated in line with the overall trend; using the least squares method to approximate a straight line for the missing data based on what had already been reported. Findings – Counter-intuitively, we will argue that the push toward an innovation-based economy is actually not dependent on total expenditure on R&D, but rather relies on the efficient allocation of investments and the rigorous implementation of innovation strategy. And, we will demonstrate this by showing our ideas in relation to both BRIC and GCC countries. This analysis raises fascinating points of discussion for those looking to build an innovation economy in other countries and has practical implications for policy-makers and policy implementers in all countries. Originality/Value – First analysis of the correlation of gross expenditure on R&D (GERD) with gross domestic product (GDP) growth and Straits Times Index (STI) policy measures.”

NY State joining 14 other states in adopting Uniform Bar Examination

The National Jurist – “New York State will begin using the Uniform Bar Examination in 2016, making it the fifteenth, and by far largest, state to do so.  The state’s chief judge, Jonathan Lippman, said he expected the move to result in a “domino effect” with other states jumping on the UBE bandwagaon. More thanContinue Reading

State of Senior Hunger in America 2013: An Annual Report

“The National Foundation to End Senior Hunger (NFESH) has released a study, entitled State of Senior Hunger in America 2013: An Annual Report, conducted by Dr. James P. Ziliak and Dr. Craig G. Gundersen. Commissioned by NFESH, this report reveals that 15.5 percent of seniors or 9.6 million individuals age 60 or older in theContinue Reading

Sunlight Foundation – Opening Criminal Justice Data

“As part of a new initiative, the Sunlight Foundation has begun amassing an inventory of public and privately-produced criminal justice data. The spreadsheet on this page is a work in progress but we’re publishing it now with hopes that people can use it for research or reporting and even contribute to it. Please go throughContinue Reading

An Introduction to Health Insurance: What Should a Consumer Know?

CRS – An Introduction to Health Insurance: What Should a Consumer Know? Carol Rapaport, Analyst in Health Care Financing. April 30, 2015. “Congress has seen a renewed interest in the market for private health insurance since the passage of the Patient Protection and Affordable Care Act (ACA; P.L. 111-148, as amended). This report provides anContinue Reading

OECD – Tackling Harmful Alcohol Use

Sassi, F.(ed.) (2015), Tackling Harmful Alcohol Use: Economics and Public Health Policy, OECD Publishing, Paris. DOI: http://dx.doi.org/10.1787/9789264181069-en “Alcoholic beverages, and their harmful use, have been familiar fixtures in human societies since the beginning of recorded history. Worldwide, alcohol is a leading cause of ill health and premature mortality. It accounts for 1 in 17 deaths, and forContinue Reading

Google Impact Challenge – Disabilities

The Focus – To build awareness, identify solutions and help create universal access for people with disabilities. There are One Billion people with disabilities in the world. That’s one billion people that society is not designed to serve. Technology and the power of the
human spirit can make a better world.

International energy data and analysis portal

Via EIA – Choose energy source: petroleum, natural gas, coal, electricity; Visualization – Bubble Map, Heat Map, Column Chart; Production, Consumptions, Reserves & Capacity, Imports, Exports.

New GAO Reports – Defense Transportation, Federal Veterinarians, U.S. Postal Service

Defense Transportation: Air Force’s Airlift Study Met Mandate Requirements, GAO-15-457R: Published: May 26, 2015. Publicly Released: May 26, 2015. Federal Veterinarians: Efforts Needed to Improve Workforce Planning, GAO-15-495: Published: May 26, 2015. Publicly Released: May 26, 2015. U.S. Postal Service: Improved Management Procedures Needed for Parcel Select Contracts, GAO-15-408: Published: Apr 23, 2015. Publicly Released:Continue Reading

Randomized Trial of Four Financial-Incentive Programs for Smoking Cessation

This article was published on May 13, 2015, at NEJM.org. DOI: 10.1056/NEJMoa141429 “Financial incentives have been shown to promote a variety of health behaviors. For example, in a randomized, clinical trial involving 878 General Electric employees, a bundle of incentives worth $750 for smoking cessation nearly tripled quit rates, from 5.0% to 14.7% and ledContinue Reading

Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News

Lena Drager, Michael J. Lamla, and Damjan Pfajfar (2015). Are Survey Expectations Theory-Consistent? The Role of Central Bank Communication and News, Finance and Economics Discussion Series 2015-035. Washington: Board of Governors of the Federal Reserve System, http://dx.doi.org/10.17016/FEDS.2015.035. “In this paper we analyze whether central bank communication can facilitate the understanding of key economic concepts. UsingContinue Reading

Women and Men of Harvard Law School: Preliminary Results from the HLS Career Study

Harvard Law School Center on the Legal Profession – Women and Men of Harvard Law School: Preliminary Results from the HLS Career Study, 2015 “Introduction – There is widespread consensus that the legal profession stands at an important inflection point. Traditional models of professional organization, practice, and education are under increasing pressure to adapt toContinue Reading