The positive coefficient of 0.626 for lnGFCFI indicates that over the long run when the gross fixed capital formation of industry increases by one percent, industrial output will increase by 0.63percentt, ceteris paribus.
The result implies that capital supplies producers with funds to buy industrial equipment, and any change in industrial output leads to a change in the return from industrial production, which in turn affects the gross fixed capital formation of industry.
In contrast, China's National Development and Reform Commission, formed in 2003, has already established a Department of High-Tech Industry, whose stated goals include "drafting key policies to promote the development of high-tech industry" as well as "promoting the formation of new industries" in the Chinese economy.
In short, we support the formation of "homegrown industries".
This is why I believe in the formation of "homegrown industries" throughout Africa.
In announcing the formation of 343 Industries, Microsoft also announced that Xbox Live would be home to a central hub for Halo content called Halo Waypoint.
Venture capitalists, the swashbucklers of finance, have tended to play a crucial role in the formation of new industries, taking on the major risks of developing unproven technologies in exchange for a slice of the potential spoils.
XPRIZE creates incentivized prize competitions "to bring about radical breakthroughs for the benefits of humanity, thereby inspiring the formation of new industries and the revitalization of markets".
Flanders Biobased Valley (FBBV) is not only focused on helping member companies obtain financing for new factories and promoting the formation of biobased industry clusters, but it also helps members in the young industry solve common problems.
But in recent years, the formation of primary industry-focused research and development corporations, such as AgriFutures Australia, has widened the field.
Demonstration of technologies is the most important aspect of ICHET vision for the formation of an industry in the developing world.
