Some firms comprehend the enormous potential that exists for providing services to the growing low income segment. Operating in the low-income market has numerous complications, such as designing an efficient distribution and servicing system, offering simple and “easy to consume” products,...

Victoria de Grazia’s book is at the centre of two related debates in innovation studies.

Victoria de Grazia’s book is at the centre of two related debates in innovation studies.

This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF's multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...