 | Grants Versus Loans Author/Editor: Hulya Ulku, Tito Cordella. Release Date:September, 2004 Under what conditions should grants be preferred to loans? To answer this question, we present a simple model à la Krugman (1988) and show that, for any given level of developmental assistance, the more...
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| R&D, Innovation, and Economic Growth : An Empirical Analysis Author/Editor: Hulya Ulku. Release Date:September, 2004 This paper investigates the main postulations of the R&D based growth models that innovation is created in the R&D sectors and it enables sustainable economic growth, provided more...
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