The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …

arises stochastically depending on the currently available applied knowledge stock. This way of endogenizing the arrival of …

, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to …

innovation, and sector-specific investments. We find that the implementation of Chinese government carbon policies until 2020 … induced innovation, and rising energy prices in the reference case reduces welfare losses significantly. We argue that …

. The scope for innovation is reduced when we consider direct financial investment in the lab, or elastic labor supply. We …

innovation with the practices of the wider economy. Using a multi-sector endogenous growth model with in-house R&D and knowledge … spillovers, it is shown, that accounting for the time it takes for an innovation to diffuse modifies this widely-accepted result …