What factors underlie industry differences in research intensity and productivity growth? We develop a multisector … growth model using standard parameters to capture the main factors considered in the empirical R&D and productivity growth … literature. Along the balanced growth path, we find that the primary factor behind industry differences in productivity growth is …

growth of organization capital did not have significant effects on productivity growth. …

We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector …-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of …

Current models of conservation auctions do not permit for the presence of environmental externalities and synergies … environmental externalities. Clearly, our models do not tell the whole story, and they consequently fail to identify waste and … inefficiency in these auctions. Our paper shows how externalities between bidders can be incorporated into our models of …

We provide empirical evidence on the nature of spatial externalities in a matching model for the UK. We use a monthly …