in many countries and more needs to be done to make growth more “inclusive”.In the second part we estimate the trend … the growth rates of GDP trend. For Africa as a hole and for most countries we find relatively low trend growth rates until … the mid-nineties. Since then the trend growth rates rose remarkably - for Africa from 2 % to about 5 %. In the last five …

In this paper an Unobserved Components Model is employed to decompose U.S. real GDP into trend and cycle components … the long-run development during the last 50 years can be represented by a segmented linear trend with a break in the drift …

In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and …

with a reliable estimation of the trend component at the end of the data sample. To this end we employ time-varying values … of the flexible penalization the trend component of temperature is still increasing, possibly with a somewhat lower pace. …

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …