We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for … economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic … growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of …

, we empirically analyze the determinants of innovation in electricity generation, and the role of storage in directing … innovation. Our results show that electricity storage increases innovation not only in renewables but also in conventional … technologies. This implies that efforts to increase innovation in storage can benefit conventional, fossil fuel-fired electricity …

We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … excessive (greater than first-best) R&D investment and output growth. …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

these two facts by documenting (1) an important reallocation of production towards “hyper-productive plants” and (2) a …

R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth … heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate … has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained …

We propose an innovation-driven growth model in which education is determined by family background and cognitive … market R&D. This means that our model rationalizes two different paths to modern growth: According to the Prussian way …