social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is …

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

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. …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

This paper develops a two-sector R&D-based growth model with congestion effects from increasing urban population … slowdown in the modern sector. Eventually, economic growth may cease in the long-run. We also show that land dilution from a …

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …

of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting …

Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the … demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across … these trends. The interplay of differences in productivity growth and in the substitution elasticity across sectors drive …

The optimal mix of growth policies is determined within a comprehensive endogenous growth model. The analysis captures …

We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth … that the substitution elasticity is greater than one. We then discuss how sub aggregate high growth can occur when there …