This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where … from nondecreasing rates of growth through its low-tech sector. The model is tested by using a dynamic panel data approach …

economic leadership has heated up, with risks of decoupling that could set back trade and growth and hinder the recovery from …

The fundamental importance of economic institutions for economic growth through their impact on technological change … gap. In the model proposed, economic growth is affected by the efficiency and riskiness of research and development (R …&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects … investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this … view by testing the predictions of endogenous growth models driven by human capital accumulation. The theoretical analysis …

leaders and followers innovating in few industries with low aggregate growth …

on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by … context of various technology specifications, ranging from models with only one common technology to those with multiple and … endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of …

This paper proposes channels through which technological decoupling can affect global growth, and embeds these … decouple via 'preferential attachment' - id est by aligning themselves with the hub they trade most with. All global technology …