While the distinction between manufacturing and services becomes increasingly blurred to some observers, we find, using a panel of Swedish firms, clear evidence that foreign sales (exports) are more important than domestic sales for stimulating R&D. This is particularly clear for manufacturing...

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Indi's stagnating manufacturing sector has become a serious cause of concern for Indian policy makers. Several reasons have been identified for this slowdown, including lack of policy focus, unsupportive external environment, etc. Given the importance of the manufacturing sector and its...