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

We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography … endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …

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 …

or in the knowledge sector, which designs new varieties. It is shown that if the elasticity of labor supply to the … knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with …

causal effect of human capital on income, net of the innovation channel. …

may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …