We study the link between public enforcement of property rights, innovation investments, and economic growth in an … endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium … growth through public employment in the enforcement of property rights, if the economic environment is sufficiently favorable …

We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows … into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect … productivity growth, and endogenous changes in expenditures shares on manufacturing goods and services. We quantify the importance …

The determinants of the direction of technical change and their implications for economic growth and economic policy … are studied in the one-sector neoclassical growth model of Ramsey, Cass, and Koopmans extended to allow for endogenous … investments are associated with new technological knowledge that accumulates over time and sustains long-run growth. We show that …

This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non … Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … growth rate is. The paper tackles the apparent following paradox. Knowledge diffusion seems to lead to scale effects; however …

What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the … concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly …

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate … assessment of Klump and de La Grandville (2000) that the elasticity of substitution is a powerful engine of economic growth …. However, unlike their findings my result applies to the steady-state growth rate. Moreover, it does not hinge on particular …

This paper argues that growth theory needs a more general quot;regularityquot; concept than that of exponential growth …. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing … zero population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of quot …

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 …

The empirical literature on economic growth and development has moved from the study of proximate determinants to the …

between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … between the probability that the incumbent politician remains in office and average economic growth in the presence of high …