This study investigates the extent of ’missing growth’ in Finland due to upward bias in the cost-of-living measurement. This upward bias, as documented by Aghion et al. (2017), results from the quality adjustments that statistical offices use for entering and exiting products. This bias is...

Background: This study provides evidence for the financial innovation in the financial system that resulted in the economic growth of Bangladesh from 1980-2016. Methods: To capture the influence of financial innovation on economic growth, we estimated the long-run cointegration by applying...

We examine the dynamics of ideas production and knowledge-productivity relationship in a panel of 19 OECD countries. A new data set of triadic patents is used. We rigorously address the issues of cross-country heterogeneity and endogeneity. Domestic and foreign ideas stocks exert positive but...

This monograph compares the methodologies and progress of the different existing models of information and communication technology (ICT) use for broad-based development and economic growth in India. It will examine the role of complementary reforms in government administration and policies. The...

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural...