This paper revisits the debate about the appropriate differential equation that governs the evolution of knowledge in … the evolution of knowledge is plausible if it satisfies two asymptotic conditions: Looking forwards, infinite knowledge in … finite time should be excluded, and looking backwards, knowledge should vanish towards the beginning of time (but not before …

expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …

We study the link between public enforcement of property rights, innovation investments, and economic growth in an …