innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … innovation motive, (ii) the expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …

Technical change, even if it is limited in scope, can have employment, output, price and wage effects that ripple … increases and price falls for tasks that are directly affected. The effects on employment depend on the elasticity of … substitution across tasks/goods. For high elasticities, employment expands to a group of more skilled workers. Hence for tasks …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Programs that provide lower-skill employment are a popular anti-poverty strategy in developing countries, with India …'s employment-guarantee program (MGNREGA) employing adults in 23% of Indian households. MGNREGA has reduced rural poverty, but some … have raised concerns that guaranteeing lower-skill employment opportunities may discourage investment in human capital and …

to education and lowest where they imply high opportunity costs of schooling …