, and using a two-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p … productivity but not necessarily on its long run growth rate. I therefore predict that the UK will eventually return to the growth …

This paper develops a model of economic growth and activity locating endogenously on a 3-dimensional featureless global … geography. The same economic forces influence simulataneously growth, convergence, and spatial agglomeration and clustering … egalitarian growth. Equality is stable but spatial inequality is needed to attain it. …

This paper develops an idea flows theory of trade and growth with heterogeneous firms. New firms learn from incumbent … and this complementarity generates endogenous growth without scale effects. On the balanced growth path, the productivity … distribution is a traveling wave with an increasing lower bound. Growth of the lower bound causes dynamic selection. Free entry …

This paper investigates the impact of Information and Communication Technologies (ICT) on growth in an economy … incentives for investment for sectors using them, so the non-ICT using sector experiences sustained growth driven by capital … accumulation. Rates of growth across the three sectors differ, but the aggregate economy is on a balanced growth path with constant …

Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced … economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological … lower the volatility of output growth. Technological complexity evolves endogenously in response to profit incentives. The …

economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the …