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We estimate a model in which fiscal and monetary policy obey the targeting rules of distinct policy authorities, with potentially different objective functions. We find: (1) Time‐consistent policy fits U.S. time series at least as well as instrument‐rules‐based behavior; (2) American...
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Innovation is often seen as carried out by highly educated labor in R&D intensive companies with strong ties to leading … centers of excellence in the scientific world. Seen from this angle innovation is a typical “first world” activity. There is …, however, another way to look at innovation that goes significantly beyond this high-tech picture. In this broader perspective …
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This paper examines multiple facets of New Delhi's development cooperation with countries in Africa and argues that grassroots organizations in India that find innovative, low-cost technological solutions to developmental challenges can help governments and multilateral agencies craft inclusive,...
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innovation, evolutionary economics, and the economics of science and technology. …
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Science, innovation, knowledge and digital technologies have played a fundamental role in the growth potential, social … inclusive and sustainable development strategies in which science, technology and innovation are key players for a …Foreword .-- Main messages .-- Chapter I. A brief overview of science, technology and innovation in Latin America and …
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causal effect of human capital on income, net of the innovation channel. …
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decrease the relevance of location by creating knowledge clusters and knowledge hubs. A knowledge cluster is a local innovation …
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