This paper examines the effect of skill-biased technological change on the structure of wages, the composition of … employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations … of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector …

real cash balances on impact and exerts an expansionary effect on output, despite an increase in real wages …

the level of efficiency wages and the relative rent captured by skilled workers …

spillovers on firms is particularly strong in terms of employment and value added …

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, 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 …