leverage episodes have been associated with slower economic growth and a higher incidence of default or, more generally …

individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development — periods when legal … excessive (greater than first-best) R&D investment and output growth. …

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question …

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the …-house R&D, consistent with the empirical evidence. The equilibrium choice leads to balanced growth featuring persistent …

This paper provides an update of the NESTA Innovation Index and tries to calculate some facts for the 'knowledge …) document UK intangible investment and (2) see how it contributes to economic growth. Regarding investment in knowledge … intangible expenditure as investment raises market sector value added growth in the 1990s due to the ICT investment boom, but has …

diffuses spatially across locations. The result is an endogenous growth theory that can shed light on the link between the …

We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in … static decision to relocate plants but not R&D. Hence, offshoring may be chosen by firms when it damages the growth rate of … is strong. It is also likely to slow growth in sectors in which contractual incompleteness gives a strong bargaining …

In this paper, we develop a North-South endogenous growth model to examine three phases of development in the South …: imitation of Northern products; imitation and innovation; and finally, innovation only. In particular, the model has the …. First, because subsidies to Southern innovation benefit the North as well, it is beneficial to the North to pay for some of …