relatively favorable demographic pattern in combination with market-oriented reforms and openness to the world economy, China is … on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …, we assess the likelihood that China can make the necessary transition. Using data on expenditure on research and …

-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline … OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession …

frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …

We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … our measure suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic …

During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But …

encouragement of creation and innovation. Optimal policy depends on the quantitative strength of these two forces. We give a …