This survey paper discusses the policy implications that can be expected from the recent research on nonlinearity and chaos in economic models. Expected policy implications are interpreted as a driving force behind the recent proliferation of research in this area. In general, it appears that no...

High-technology industries comprise a significant and increasing share of manufactured output in industrialized countries. Increasing international competition in high-technology industries raises an important question: what is the effect of innovation in one country on the standard of living in...