Absorptive Capacity and Innovative Capability: an Approach to Estimation
Each developing country tries to catch up with the developed world. Unfortunately, only few economies were able to reach this purpose during last sixty years. Well-known Gershenkonђs argument - «advantage of backwardness» - does not work properly in most cases [Gershenkon, 1962]. Though imitations of technologies and governance methods are much cheaper than innovations, the imitation process is also costly and requires sophisticated approaches of choosing and harmonizing different kinds of economic policies.