This paper proposes an alternative view of Wang and Yip's (1992a) model to allow for real money balances as an input into human capital production. It is found that the validity of Wang and Yip's (1992a) finding on the superneutrality of money with respect to economic growth crucially depends on...

Assessment of the innovation climate in Russian regions is a priority. Given the uneven socio-economic development of the federation subjects, it is essential to determine their readiness for the transition to an innovative course. However, due to the high degree of differentiation in the...