shows how bureaucratic economies can end up in a low-effort, low-growth equilibrium even though they may have started in … high-effort , high-growth equilibrium. The empirical evidence from eight Central and Eastern European countries during 1948 …-49 is consistent with our model results, namely, that the growth decline was systemic in nature. The results are applicable …

construct an endogenous growth model with spatial heterogeneity and agglomeration spillovers in innovation. Aggregate outcomes …

misallocation. Finally, Icalibrate a dynamic model and find that the without the misallocation, the TFP growth in themanufacturing …

How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and … barriers to the domestic diffusion of foreign knowledge have fallen significantly for emerging economies. For all countries …, and especially for emerging economies, inflows of foreign knowledge have a growing and quantitatively important impact on …

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth …, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income … providing growth opportunities for both workers and firms …

entered the crisis with weaker balance sheets experienced decline in total factorproductivity growth relative to their less … productivity growth. Furthermore, our resultsare not driven by more vulnerable firms being less productive or having experienced … slowerproductivity growth before the crisis, or differing from less vulnerable firms along otherdimensions …

surprisingly robust: automation is goodfor growth and bad for equality; in the benchmark model real wages fall in the short runand …

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation … importance. This emphasizes the need for growth policies that facilitate labor and capital reallocation across firms, in addition …

, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the …