Doing Capitalism in the Innovation Economy: Markets, Speculation and the State
Introduction Part I. Learning the Game: 1. Apprenticeship 2. Discovering computers 3. Investing in ignorance Part II. Playing the Game: 4. The financial agent 5. The road to BEA 6. Apotheosis Part III. Understanding the Game: The Role of Bubbles: 7. The banality of bubbles 8. Explaining bubbles 9. The necessity of bubbles Part IV. Understanding the Game: The Role of the State: 10. Where is the state? 11. 'The failure of market failure' 12. Tolerating waste.
Financial Development and Technology Diffusion
We examine the extent to which financial market development impacts the diffusion of 16 major technologies, looking across 17 countries, from 1870 to 2000. We find that greater depth in financial markets leads to faster technology diffusion for more capital-intensive technologies, but only in periods closer to the invention of the technology. In fact, we find no differential effect of financial depth on the diffusion of capital-intensive technologies in the late stages of diffusion or in late adopters. Our results are consistent with a view that local financial markets play a critical role in facilitating the process of experimentation that is required for the initial commercialization and diffusion of technologies.
An assessment of the Impact of Devolution on Women Empowerment in Nakuru County
-Women have been grossly marginalized in organs of decision-making and governance structures. The Constitution of Kenya has sought to bridge this gap by providing both women and men the right to equal treatment, including the right to equal opportunities in political, economic, cultural and social spheres. However, gender equality has not been achieved and women are still lagging in terms of decision making processes. The main objective of the study was to detemine the impact of devolution on women empowerment in Nakuru County. The study found that substantive women representation, development of programs and accessibility of services had a positive effect on the women empowerment in Nakuru County. The study also found out that increased accessibility of Services by women influenced women empowerment, this study also concludes that the introduction of development programs had the greatest impact on women empowerment in Nakuru County. The study recommends that more programs targeting women should be introduced as these have the greatest impact on women empowerment. The findings may be used to make conclusions and recommendations.