This paper examines the effect of growth-enhancing policies in an R&D-based endogenous growth model when the government does not have the ability to raise taxes to finance the required expenses. We show that the government can increase the economic growth rate by debt-financed R&D subsidies...

This essay provides a review of two important recent books on economic growth: How the World Became Rich by Mark Koyama and Jared Rubin and Slouching Towards Utopia, by J. Bradford DeLong. Each book is noteworthy for its erudition and breadth. I explore strengths and weaknesses of these books...

This study analyzes the impact of innovation heterogeneity on the growth of Chinese-listed hidden champion firms from 2010 to 2019, focusing on the effects of various types of innovation and their interaction, as well as the mediating role of degree of specialization. Findings reveal that...

Section 1: Macro Context Developmentalism and neo-liberalism 1. South Asia Overview 2. India⁰́₉s Economic Success Section 2: Meso Context Poverty alleviation: State and Civil Society Partnerships 3. Participatory Development in Pakistan4. Human Development in Sri Lanka 5. Employment...