We study the North-South diffusion of technologies embodied in internationally mobile capital in a framework of … intertemporal global welfare maximization. Convergence of the growth rates of technical change in the North and South always occurs … in the long-run. However, the degree to which the North-South technology gap can be narrowed depends crucially on the …

share of foreign capital. The speed of technology diffusion is higher in small economic regions with high population …This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from … technological catching up is stronger, the larger the technology gap, with the alternative view that technological catching up is …

growth and convergence of an economy towards the world technology frontier …We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and …

The paper concentrates on the question whether the low level of productivity in East Germany can be explained by … younger cohorts. This impedes a fast convergence in productivity between East and West Germany. …

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the … productivity and export success in European manufacturing industries and firm size classes. The empirical estimates are based on …-sectional estimation methodologies able to account for unobserved industrial characteristics, show that productivity in Europe relies on …

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to …

as the consumption-wealth ratio, the growth rate of wealth, and welfare, in a two-country world, based on a portfolio …-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk … sharing. The theoretical results for the growth rate depend on differences on productivities and consumption-wealth ratios …

In this work we update the reviews on endogenous growth theories, after two decades of theoretical and empirical … core topics studied in the growth econometric framework, namely, convergence, identification of growth determinants and … factors responsible for growth differences in the data, the primary focus of this paper is on the last two. We will review …