The Timor-Leste Petroleum Fund : from buying peace to white elephants
- Authors: Doraisami, Anita , Courvisanos, Jerry
- Date: 2021
- Type: Text , Book chapter
- Relation: The Political Economy of Natural Resource Funds p. 233-260
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- Description: Sovereign Wealth Funds rarely have the opportunity to be examined from their beginning concurrently with the installation of sovereignty for the country itself. This is the unique case of Timor-Leste (formerly known as East Timor), built up from information provided by all stakeholders in the establishment and ongoing operation of the country’s Petroleum Fund. With oil and gas fields in the Timor Sea plentiful and already extracted previously by Indonesia, the United Nations administration ensured the Norwegian model should be the basis for setting up the Fund. Thus, Timor-Leste began well by establishing a globally acknowledged well-designed Fund soon after gaining sovereignty. This chapter examines the Fund from the amity of its inception to the realities of a post-conflict society. These realities soon became apparent after civil disturbances resulted in Fund resources being used to “buy the peace.” Then emerged economic and social pressures of large infrastructure development where major projects were raising concerns as to whether the Fund is being used to construct white elephants. Together these two acute influences have the potential for the Resource Curse to emerge on the horizon if the big spending “peace and development” strategy fails. © 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.
In from the cold : From heterodoxy to a new mainstream pluralism
- Authors: Courvisanos, Jerry
- Date: 2016
- Type: Text , Book chapter
- Relation: Reclaiming pluralism in economics : Essays in honour of John E. King Chapter 19 p. 303-316
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- Description: This chapter synthesizes the work presented in the previous 18 chapters of this book, and, in this way, enables pathways for heterdox economics to emerge out of its niche on the periphery into the mainstream. The existing mainstream does not embrace heterodox economics in its identification of the discipline. Thus, pluralism is anathema to it, and it maintains instead a resolute, monistic approach in which methodological individualism and systemic stability through market forces in effect define economics. In this monisitc intellectual environment, pluralism in economics cannot exist by definition. Out of the synthesis employed in this chapter a strategy with diversity emerges that is based on a framework of epistemic coherence. This set-up could provide a variety of pathways to a new pluralist mainstream of economics-learning, research and policy-making.
Growth process of small and medium-sized manufacturing in developing countries: a study of women-owned firms in Bangladesh
- Authors: Jomaraty, Mosfeka , Courvisanos, Jerry
- Date: 2014
- Type: Text , Book chapter
- Relation: Women's entrepreneurship in the 21st century: An international muti-level research analysis p. 186-214
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Business cycles
- Authors: Courvisanos, Jerry
- Date: 2013
- Type: Text , Book chapter
- Relation: Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship p.
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Innovation and Entrepreneurship
- Authors: Courvisanos, Jerry , Mackenzie, Stuart
- Date: 2013
- Type: Text , Book chapter
- Relation: Encyclopedia of Creativity, Invention, Innovation, and Entrepreneurship p. 933-943
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- Description: Entrepreneurship is an ambiguous concept unless it is contextualized. The focus in this entry is the role of the entrepreneur within the context of innovation. Thus, if a business activity is conducted under what Schumpeter (1939) calls “competitive capitalism,” then there is no Innovation and Entrepreneurship. Innovative activity and the market is operating as a pure neoclassical mechanism in which the “nirvana” of market efficiency in the allocation of goods and services is achieved. This is a static equilibrium position in which there is no change, no economic development, and no entrepreneurs to drive innovation. All that is needed are effi- cient business managers. As a result, in neoclassical economics, entrepreneurship is merely seen as agency in any form of business activity, including routine managers. This, in one fell swoop, conflates the original work of Schumpeter and his entrepreneur with the mainstream market conception of an entrepreneur who simply operates a business.
Permo-Drive : Governance under innovation
- Authors: Courvisanos, Jerry , Hipwell, Angel
- Date: 2012
- Type: Text , Book chapter
- Relation: Learning through cases : Contemporary challenges in corporate governance Chapter 10 p. 101-117
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- Description: Permo-Drive Technologies Limited is a small public company, based on the north-east coast of Australia, that made the first functional Regenerative Drive System (RDS) for motor vehicles. The RDS technology captures energy expended in braking the vehicle, and then applying this energy to assist moving the vehicle when required from stoppages and on steep inclines. Permo-Drive created this intelligent hybrid hydraulic system for vehicles leading to savings in fuel and therefore reductions in carbon emissions and other pollutants. RDS is a significant ecologically sustainable technology which as at 2011 has become a mainstream ecological technology to the extent that the Toyota Prius model has been promoted with three energy sources; petrol, electricity and regenerative drive. In 'The Weekend Australian Magazine' on the 5th July 2003, an article on Permo-Drive called "Oily Rages to Riches", lauded the innovation in this technology and predicted an exciting future with the US Army at that time keen to retrofit all its trucks with the RDS technology. As of 2011, Permo-Drive is still struggling to make a mark in the business world, having gone through many trials of survival related to plethora of governance issues including legal (patents and bankruptcy), management, marketing, financial, regional development, and public innovation support. What went wrong? This is the question that this study aims to explain, using a specific technology commercialisation of innovation model set up by V.K. Jolly in the book 'Commercializing New Technologies: Getting from mind to market' (1997). From a two-man private innovation company, Permo-Drive went on to be a small private company with a large shareholding list of many "mums and dads" who bought into the idea with $3 million of shares at shopping malls, clubs and schools on the north coast of NSW. Then Permo-Drive morphed into a broad-based public stock company with an international managment team. The road to realising a commercial return on this innovation has been very bumpy with an uncertain end; a process that has also had significant implications for governance of the company. More than anything, it reveals just how tenous and uncertain the innovation process can be.
Political economy of innovation and sustainable development
- Authors: Courvisanos, Jerry
- Date: 2012
- Type: Text , Book chapter
- Relation: Crisis, Innovation and Sustainable Development: The Ecological Opportunity p. 184-206
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Sustainable development
- Authors: Courvisanos, Jerry
- Date: 2012
- Type: Text , Book chapter
- Relation: The Elgar Companion to Post Keynesian Economics, Second Edition p. 515-523
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- Description: 'The Elgar Companion to Post Keynesian Economics is a comprehensive guide to economic analyses in the tradition of Keynes and the so-called Cambridge (UK) school of economics. The coverage of themes and different theoretical orientations within Post Keynesianism is remarkable and the quality of the various entries is impressive. John King's invisible hand is responsible for a minimum of overlaps and an optimum in quality and comprehensibility. This book has already proved to be of interest to a wide range of economists and can be expected to continue to do so for a long time to come.' - Heinz D. Kurz, University of Graz, Austria. © J.E. King 2012. All rights reserved.
Building innovation capacity: The role of human capital formation in enterprise
- Authors: Smith, Andy , Courvisanos, Jerry , Tuck, Jacqueline , McEachern, Steven
- Date: 2011
- Type: Text , Book chapter
- Relation: Fostering enterprise :The innovation and skills nexus - research readings p. 103-115
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- Description: Summary: The main impetus for the interest in innovation is that it is seen to improve productivity at the firm level and therefore improved economic prosperity and living standards. This edited volume was commissioned by the Department of Employment, Education and Workplace Relations. The authors contribute a variety of views on innovation from different perspectives. Some of the main themes running throughout the book are reasons for firms innovating, the skills required for innovation and how innovation and skills development is supported by the training system, the firm and government. Innovation is seen as moving beyond research and development, to include new products, services and operational/organisational processes.
Innovation policy and social learning : An economic framework for sustainable development in regional Australia
- Authors: Courvisanos, Jerry
- Date: 2009
- Type: Text , Book chapter
- Relation: Climate change in regional Australia : Social learning and adaption Chapter 14 p. 256-281
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- Description: 2003007865
Optimize versus satisfice : Two approaches to an investment policy in sustainable development
- Authors: Courvisanos, Jerry
- Date: 2009
- Type: Text , Book chapter
- Relation: Post Keynesian and ecological economics : Confronting environmental issues Chapter 14 p. 279-300
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- Description: 2003007336
Invention, innovation, investment : Heterodox simulation modeling of technological capital accumulation
- Authors: Courvisanos, Jerry , Richardson, Colin
- Date: 2008
- Type: Text , Book chapter
- Relation: Future directions for heterodox economics Chapter p. 185-221
- Full Text: false
- Description: 2003006200
Modeling Keynes with Kalecki
- Authors: Richardson, Colin , Courvisanos, Jerry
- Date: 2008
- Type: Text , Book chapter
- Relation: Keynes and Macroeconomics After 70 Years: Critical Assessments of The General Theory Chapter p. 99-122
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The political economy of R&D in a global financial context
- Authors: Courvisanos, Jerry
- Date: 2008
- Type: Text , Book chapter
- Relation: Powerful Finance and Innovation Trends in a High-Risk Economy Chapter p. 88-109
- Full Text: false
- Description: 2003006199
Stanhope
- Authors: Courvisanos, Jerry
- Date: 2007
- Type: Text , Book chapter
- Relation: Towns in Time 2001 - Analysis: Incorporating the study of small towns in Victoria revisited Chapter 15 p. 103-120
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- Description: Stanhope was described in the original 1988 small towns study as a manufacturing and service centre for an important irrigated dairying district. According to 2001 Census data, the role of manufacturing based on the dairy processing plant has remained significant. The same data reveals that this plant also continues to service the dairy farms in the district and provide significant jobs for these farms. The original study noted the importance of service clubs and other voluntary organisations in providing community capacity building to build and fund local facilities and amenities such as a community hall and a swimming pool. The recently established Stanhope and District Development Committee seems to be providing a similar function today for soft, or information technology infrastructure for business development and information-based transactions.The 1988 study also noted that Stanhope faced a range of issues and concerns about its ongoing viability, including its narrow dairying economic base, strong competition from larger service centres, constraints on residential growth due to lack of facilities, and closure of V/Line freight services. This update identifies that essentially the same concerns remain.
- Description: B1
- Description: 2003005229
The dynamics of innovation and investment, with application to Australia, 1984-1998
- Authors: Courvisanos, Jerry
- Date: 2007
- Type: Text , Book chapter
- Relation: Empirical Post Keynesian Economics: Looking at the Real World Chapter 11 p. 141-177
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- Description: Since the origins of the Industrial Revolution in Britain, innovation and investment have been crucial to capitalism and economic development. This chapter sets up a link between innovation and investment in historical time, without reference to any static equilibrium. In this manner, the relationship between the instability of cycles and growth trends can be identified. Australian data is then used to identify important linkages between these two crucial elements.
- Description: B1
- Description: 2003005228
Corridor of viability : Complexity analysis for enterprise and investment
- Authors: Courvisanos, Jerry , Richardson, Colin
- Date: 2006
- Type: Text , Book chapter
- Relation: Complexity, endogenous money and macroeconomic theory : essays in honour of Basil J. Moore Chapter p. 125-51
- Full Text: false
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- Description: B1
- Description: 2003001679
Galbraith and the political economy of technological innovation : Critical perspectives and a heterodox synthesis
- Authors: Courvisanos, Jerry
- Date: 2006
- Type: Text , Book chapter
- Relation: Innovation, Evolution and Economic Change Chapter 16 p. 205-228
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- Description: B1
- Description: 2003001748
Innovation and investment in capitalist economies 1870-2000 : Kaleckian dynamics and evolutionary life cycles
- Authors: Courvisanos, Jerry , Verspagen, B.
- Date: 2004
- Type: Text , Book chapter
- Relation: Contemporary post Keynesian analysis Chapter p. 205-226
- Full Text: false
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- Description: "This volume collects a number of papers presented at the 7th International Post Keynesian Summer School and Workshop during the summer of 2002 at the University of Missouri, Kansas City."
- Description: B1
- Description: 2003002459
Michal Kalecki as a behavioural economist : Implications for modern evolutionary economic analysis
- Authors: Courvisanos, Jerry
- Date: 2004
- Type: Text , Book chapter
- Relation: Kalecki's economics today Chapter p. 27-41
- Full Text: false
- Description: 2003003734