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...