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Human Capital, Basic Research, and Applied Research : Three Dimensions of Human Knowledge and Their Differential Growth Effects

Prettner, Klaus - 2014

We analyze the differential growth effects of basic research, applied research, and embodied human capital accumulation in an R&D-based growth model with endogenous fertility and endogenous education. In line with the empirical evidence, our model allows for i) a negative association between...

Persistent link: https://www.econbiz.de/10013059053

Financial regimes, financialization patterns and industrial performances : preliminary remarks

Dosi, Giovanni; Revest, Valerie; Sapio, Alessandro - 2016

de-linked the performance of firms on the financial markets from the determinants of firm-level growth and innovation …, financialization has contributed to compress and somewhat degrade the specific properties of the finance-innovation nexus of both …

Persistent link: https://www.econbiz.de/10011489995

The agenda for evolutionary economics : results, dead ends, and challenges ahead

Dosi, Giovanni - 2022

forthcoming Manual, The Foundations of Complex Evolving Economies. Part One: Innovation, Organization and Industrial Dynamics … returns. As summarized in this essays Part One of the Manual addresses in the foregoing perspective, (i) Innovation and … reader is warned against multiple risks of ''normalization'' by which 'evolution' is reduced to sheer 'innovation', and the …

Persistent link: https://www.econbiz.de/10013402021

Institutional change and productivity growth in China's manufacturing 1998 - 2007 : the microeconomics of creative restructuring

Dosi, Giovanni; Lei, Jiasu; Yu, Xiaodan - 2013

This paper investigates firm-level dynamics of labour productivity in China's manufacturing sector over the 1998-2007. Underlying the aggregate evidence of dramatic growth of labour productivity, one observes a large, even if shrinking, intra-sectoral heterogeneity. A major process of both...

Persistent link: https://www.econbiz.de/10009721461

In order to stand up you must keep cycling : change and coordination in complex evolving economies

Dosi, Giovanni; Virgillito, Maria Enrica - 2016

In this work we discuss the main building blocks, achievements and challenges of an evolutionary interpretation of the relation between mechanisms of coordination and drivers of change in modern economies, seen as complex evolving systems. It is an evident stylised fact of modern economic...

Persistent link: https://www.econbiz.de/10011565231

Growth and welfare effects of health care in knowledge based economies

Kuhn, Michael; Prettner, Klaus - 2012

We consider an endogenous growth model with Blanchard-Yaari-type overlapping generations that is built around four sectors: final and intermediate goods production, an R&D sector and a health care sector. Health care serves to lower mortality and morbidity, the latter being related to...

Persistent link: https://www.econbiz.de/10010352613

The past and future of knowledge-based growth

Strulik, Holger; Prettner, Klaus; Fürnkranz-Prskawetz, … - 2012

Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century. In order to resolve this problem we integrate R&D-based...

Persistent link: https://www.econbiz.de/10009619095

Growth and welfare effects of health care in knowledge based economies

Kuhn, Michael; Prettner, Klaus - 2012

Persistent link: https://www.econbiz.de/10009624502

Growth and welfare effects of health care in knowledge based economies

Kuhn, Michael; Prettner, Klaus - 2012

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping generations. Health care increases longevity and labor participation/productivity. We examine under which conditions expanding health care enhances growth and welfare. Even if the...

Persistent link: https://www.econbiz.de/10010358148

Demographic change and R&D-based economic growth : reconciling theory and evidence

Prettner, Klaus; Trimborn, Timo - 2012

In recent decades, most industrialized countries experienced declining population growth rates caused by declining fertility and associated with rising life expectancy. We analyze the effect of continuing demographic change on medium- and long-run economic growth by setting forth an R&D-based...

Persistent link: https://www.econbiz.de/10009615301