This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …

innovation and imitation. We develop a theoretical model showing that skilled labour has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skill intensive …

This paper builds a model of growth through industrialization, as machines replace workers in a growing number of tasks … unboundedly. The mechanism that drives growth is the feedback between industrialization and wages. High wages are incentives to … use machines and industrialize, while industrialization raises wages. The model shows that industrialization and growth …

The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China … industrialization. Consequently, it diverted massive amounts of agricultural resources to industry and imposed excessive grain …

We examine how globalization affects firms’ incentives to provide general worker training. We consider a three …

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …