We propose an innovation-driven growth model in which education is determined by family background and cognitive …

Student performance in Sub-Saharan Africa is tragically low. We study the importance of teacher subject knowledge for …. After measurement-error correction, a one-standard-deviation increase in teacher subject knowledge raises student … teacher sorting. Furthermore, teacher knowledge and school resources appear to be complements in student learning …

entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by …

surplus from his production. At any time, the novice can leave the relationship with his acquired knowledge and produce on his … structured as an apprenticeship, in which all production generated during training is used to compensate the expert. Knowledge … transfer takes a simple form. In the first period, the expert gifts the novice a positive level of knowledge, which is …