Using standardised firm data a comparative analysis of the determinants of product and process innovation in manufacturing and services is performed. Results show that in services there are significant differences in innovation behaviour, in terms of intramural and extramural R&D. It is also...

This paper builds a static framework model to demonstrate the interrelationship between the black and formal market for foreign exchange. There is fungibility in the two markets with a demand spillover from the formal to the black market. There are also reverse linkages through portfolio demand...

In this paper, using standardised data for over 7000 service sector firms, we test different hypotheses to understand to what extent innovation output and activity in financial sector firms is different from other service firms. An intriguing result for the service sector as a whole is that the...