The adoption of modern technologies in agriculture is crucial for improving productivity of poor farmers and poverty reduction. However, the adoption of modern technology has been disappointing. The role of value chains in technology adoption has been largely ignored so far, despite the dramatic...

What determines the technology that a country adopts? While there could be many factors, the efficiency of the country's financial system may play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with competitive...

As the reach of mobile technology grows, it is becoming an increasingly powerful tool for access to welfare-enhancing information and services in low- and middle-income countries (LMICs). However, digital inclusion remains far from universal. Across LMICs, 14 per cent of adults still do not own...

What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency of the country's financial system may also play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with...

The fast growth and wide range of applications of blockchain (BC) technology in various industries is irrefutable. Generally, BC technology is still in at an infant stage but it has generated significant interests in many sectors and industries. Nonetheless, despite an uptake of interest on the...

What is the role of a country's financial system in determining technology adoption? To examine this, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation. The terms of finance are dictated by an intermediary's ability to monitor and control a...

What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency of the country's financial system may also play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with...