We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the … second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …

We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical … growth model. In the long run the world growth rate is driven by discoveries in those economies that lead in their use of … technology. Followers converge towards leaders because copying is cheaper than innovation over some range. A tendency for copying …

contributed to Austria's post-war growth and the evolution of its pattern of trade over time. The paper looks at two lessons for …

This survey discusses the effect of macroeconomic fluctuations on long-run growth from both a theoretical and empirical …

productivity growth remained sluggish, with traditional sectors both in manufacturing and services seemingly unable to benefit from … most important factor contributing to value added growth in manufacturing during 1995-2000, before the burst of the dot ….com bubble. Because most ICT capital is concentrated in high tech industries, growth in manufacturing has been mostly confined to …

and firms in different countries. Motivated by the large share of the world's technology investments made by firms that … technological externalities, or spillovers. In addition to reviewing the recent empirical research on technology spillovers, the … discussion is guided by a new model of foreign direct investment, trade, and endogenous technology transfer. We find evidence for …

This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion … drivers of technology, and what are the macroeconomic consequences of technology. We prioritize in our discussion unified … approaches to these three questions that are based on direct measures of technology. …

per-capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include … less (and not more) able to account for the cross-country growth performance of Austria and Germany when human capital …