capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The …

of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … growth. A summary of what we learn from the econometric results concludes the paper. …

We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … growth rate of the economy depends on the fraction of the population choosing an entrepreneurial career. How many …

The paper examines the relationship between leverage and growth in a group of emerging central and eastern European … moderate leverage could boost growth while very high leverage could lower it by increasing the likelihood of financial distress … beyond which further increases in leverage could lower TFP growth. …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on … growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model. …