Building on recent advances in the literature on knowledge creation and innovation (notably Carnehl and Schneider (2025 …-enhancing technology capable of interpolating between known points of knowledge. Our framework formalises the trade-off between AI …'s coverage-- its ability to span wider knowledge gaps--and its accuracy, and reveals the surprising result that, beyond producing …

How do advanced technology adoption and venture capital (VC) funding impact employment and growth? An analysis of data …

would need to increase by roughly 40% under actual allocations in order to achieve the same growth in scientific output that …

unemployment, or unbounded AI with sustained endogenous growth and little impact on employment. By calibrating to the U.S. data …

We develop an endogenous growth model with heterogeneous firms facing financial frictions, where misallocation emerges … explicitly as a crucial endogenous state variable and plays a significant role in driving economic growth through the valuation … aggregate growth. In equilibrium, slow-moving misallocation endogenously generates long-run uncertainty about economic growth by …

We develop and quantify a novel growth theory in which economic activity endogenously shifts from material production … becomes "weightless": growth is driven by quality improvements, services become the dominant employment sector, and material …

I show that the nature of the energy resources available to an economy qualitatively determines long-run growth … outcomes. A harvested resource such as biomass drags on growth, a mined resource such as coal enables output per capita to hold … return on energy invested (EROI) cannot stay above a threshold. The only energy resource that can fuel long-run growth is a …

knowledge externality. We write down an endogenous growth model with innovation step size and process efficiency as alternative …Firm price-cost markups may reflect (a) bigger step sizes from quality innovations that confer significant knowledge … French manufacturing to infer firm step sizes and process efficiency. We find that the planner could achieve faster growth by …