Business services have become one of the most dynamic activities in modern economies. Their high growth rates in value added and employment support its outstanding position. The paper identifies short-term cyclical and long-term structural components in the business services growth. The...

We engineer policies to stimulate technology development in a manufacturing industry using an agent-based model of value networks within a multi-region industry. Generally, industrial production is organized in value networks, where firms in upstream tiers supply components to firms in...