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Persistent link: https://www.econbiz.de/10010461811
This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...
Persistent link: https://www.econbiz.de/10013224700
Persistent link: https://www.econbiz.de/10011621706
We examine the golden age of U.S. innovation by undertaking a major data collection exercise linking historical U … macro and micro-level determinants. We find a positive relationship between innovation and drivers of regional performance … delayed marriage, and tended to migrate to places that were conducive to innovation. Father's income was positively correlated …
Persistent link: https://www.econbiz.de/10012965422