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 …

also suggest that green policies might be able to boost economic growth through induced knowledge spillovers. …

Policies on climate change that encourage 'clean innovation' while displacing 'dirty innovation' could have a positive … impact on short-term economic growth while avoiding the potentially disastrous reduction in GDP that could result from …

We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient … labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate productivity growth … data on 15 OECD countries, we estimate this and show that it has a significant effect on growth. The results are robust to …

incorporates endogenous product selection within firms. Our findings suggest that product switching contributes to a reallocation …

creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

efficiency; provides further insight into why Open Source Software is a successful model of innovation and development in digital …

Ethnic inventors play important roles in US innovation systems, especially in high-tech regions like Silicon Valley. Do … ‘ethnicity-innovation’ channels exist elsewhere? This paper investigates, using a new panel of UK patents microdata. In theory …, ethnicity might affect positively innovation via ‘star’ migrants, network externalities from co-ethnic groups, or production …