The argument that digitalization fosters economic activity has been strengthened by the global COVID-19 pandemic. Because digital technologies are general-purpose technologies that are usable across a wide variety of economic activities, the gains from achieving universal coverage of digital...

Front Cover -- Contents -- Acknowledgments -- About the Authors -- Executive Summary -- Abbreviations -- 1 Introduction -- References -- 2 The Digital Paradox in the Middle East and North Africa and the Upside of Digital Technologies -- Notes -- References -- 3 Framework for Understanding the...

Current explanations why a growing economy necessarily goes through booms and recessions predict countercyclical R&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous business cycles and growth is presented where the determinants of...