This paper explores macroeconomic policies that can sustain structural change in China and India. A two-sector open-economy model with endogenous productivity growth, demand driven output and income distribution as an important determinant of economic activity is calibrated to a 2000 SAM for...

We examine how the People's Republic of China (PRC) and India, two of the largest transitional economies in Asia, have improved their innovation capability during economic transition. First, we measure and compare innovation capability of both countries by using not only various input and output...