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Market quality and market infrastructure in the South and technology diffusion

Author

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  • Yuichi Furukawa
  • Makoto Yano

Abstract

type="main" xml:lang="en"> In his previous work, Yano defined market quality as a market performance measure combining efficiency and fairness. His theory states that market quality is supported by well-coordinated market infrastructure, including laws, rules, and compliance as well as more basic factors such as culture, morals, and ethics. Focusing on the free-riding aspect of technology diffusion from the North to the South, this study demonstrates that market quality in the South can be supported by the coordination of the South's intellectual property law and its basic morals towards honoring intellectual property developed in the North.

Suggested Citation

  • Yuichi Furukawa & Makoto Yano, 2014. "Market quality and market infrastructure in the South and technology diffusion," International Journal of Economic Theory, The International Society for Economic Theory, vol. 10(1), pages 139-146, March.
    • Handle: RePEc:bla:ijethy:v:10:y:2014:i:1:p:139-146
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    Citations

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    Cited by:

    1. Yuichi Furukawa, 2015. "Leapfrogging cycles in international competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(2), pages 401-433, June.
    2. FURUKAWA Yuichi & Tat-kei LAI & SATO Kenji, 2018. "Novelty-Seeking Traits and Innovation," Discussion papers 18073, Research Institute of Economy, Trade and Industry (RIETI).
    3. Krishnendu Ghosh DASTIDAR & YANO Makoto, 2017. "In many emerging economies corruption, poor quality of information and poor governance lead to restricted entry. In this paper we analyze the determinants of the .height.of entry barrier in a developi," Discussion papers 17010, Research Institute of Economy, Trade and Industry (RIETI).
    4. YANO Makoto & FURUKAWA Yuichi, 2019. "Two-dimensional Constrained Chaos and Time in Innovation: An analysis of industrial revolution cycles," Discussion papers 19008, Research Institute of Economy, Trade and Industry (RIETI).
    5. FURUKAWA Yuichi & NIWA Sumiko, 2021. "Deflation and Declining Business Dynamism in a Cash-in-Advance Economy," Discussion papers 21058, Research Institute of Economy, Trade and Industry (RIETI).
    6. Makoto Yano & Takashi Komatsubara, 2014. "Participation of Ordinary Investors and Stock Market Quality: A Comparison between Japanese and US Markets," Pacific Economic Review, Wiley Blackwell, vol. 19(5), pages 537-558, December.
    7. Rui Ota & Hiroshi Fujiu, 2021. "Price Competition and Setup Cost," Mathematics, MDPI, vol. 9(3), pages 1-15, February.
    8. Sumiko Niwa, 2018. "Effects of a blocking patent on R&D with endogenous survival activities," Journal of Economics, Springer, vol. 125(3), pages 263-277, November.

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