Academic Forum: the RMIT Vice-Chancellor’s Postdoctoral Fellowship of the Global Business Innovation in Royal Melbourne Institute of Technology: “Econometric model for production theory?”
Topic: Econometric model for production theory?
Time: Oct. 16th (Tuesday), 8:00 – 11:35AM
Venue: Lecture Room 401, WENTIAN
Speaker
Kai Du, Ph.D. Economics in The University of Adelaide, the RMIT Vice-Chancellor’s Postdoctoral Fellowship of the Global Business Innovation in Royal Melbourne Institute of Technology. Research fields including: two stage data envelopment analysis, stochastic frontier analysis, entrepreneurship and innovation. Papers have been published in European Journal of Operational Research (SCI& SSCI), Small Business Economics (SCI&SSCI), Research in International Business and Finance (SSCI)and Journal of Intellectual Capital (SSCI) and etc.
Research Interests
two stage data envelopment analysis, stochastic frontier analysis, entrepreneurship and innovation
Abstract
Economic complexity when considered as accumulated knowledge has been evidenced to associate with economic growth. However, in this paper we consider economic complexity, not as a static accumulation, but as a dynamic outcome of aggregate national commercialization processes that creates economic diversity by applying new knowledge as innovative products that are then taken to export markets. We find that when a national innovation system produces a diverse portfolio of product outputs that this accelerates national economic growth. Our results support this conceptualization of the dynamics within an economy and has implications for policy-makers facing choices between strengthening specialization or diversification of its industrial base.
