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Acemoglu, Daron - National Bureau of Economic Research - 2024

Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...

Persistent link: https://www.econbiz.de/10014512044

The macroeconomics of model T

Foellmi, Reto; Wuergler, Tobias; Zweimüller, Josef - 2009

Persistent link: https://www.econbiz.de/10003931069

Population, pensions and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2009

Persistent link: https://www.econbiz.de/10003813579

Innovations, patent growth and endogenous growth

Zeira, Joseph - 2003

Persistent link: https://www.econbiz.de/10001778475

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...

Persistent link: https://www.econbiz.de/10012474415

Localized and Biased Technologies : Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2014

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

Persistent link: https://www.econbiz.de/10012458604

Innovation, "bank" monitoring and endogenous financial development

Fuente, Ángel de la - 1995

Persistent link: https://www.econbiz.de/10013422166

Perfectly competitive innovation

Boldrin, Michele; Levine, David K. - 2002

Persistent link: https://www.econbiz.de/10013423842

Technology (and Policy) Shocks in Models of Endogenous Growth

Jones, Larry E. - 1999

Is there a trade-off between fluctuations and growth? The empirical evidence is mixed, with some studies (Kormendi and Meguire (1985)) finding a positive relationship, while others (Ramey and Ramey (1995)) finding the a negative one. Our objective in this paper is to understand how fundamental...

Persistent link: https://www.econbiz.de/10012471733

Financial Innovation and Endogenous Growth

Michalopoulos, Stelios - 2009

Is financial innovation necessary for sustaining economic growth? To address this question, we build a Schumpeterian … innovation: they can invent better methods for screening entrepreneurs. Second, every screening process becomes less effective as … technology advances. The model predicts that technological innovation and economic growth eventually stop unless financiers …

Persistent link: https://www.econbiz.de/10012463294