The Artificial Intelligence (AI) evolution is a broad set of methods, algorithms, and technologies making software human-like intelligent that is encroaching our contemporary workplace. Thinking like humans but acting rational is the primary goal of AI innovations. The current market disruption...

We build upon an already known but scarcely developed feature of growth theory: the importance of asset distribution in an aggregate production function. We elaborate on a simple model of two individuals, and then generalize its deductions to an extended model of n agents, concluding that...

We study the nexus between endogenous growth and asset prices. Endogenous growth models with either horizontal or vertical innovation exhibit a good match to financial data due to countercyclical dividends which are either procyclical or acyclical in US data. In the model technology shocks...

We use China's growth experience as a laboratory to study how reductions in entry barrier contribute to economic growth by inducing a more competitive market structure. The removal of entry restrictions on private firms in the late 1990s and early 2000s made the Chinese economy more competitive...