Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge …-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have …. This paper therefore assesses the effect of spillovers in driving per capita output growth taking into account the role of …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

1979. New data presented here show that Brazilian industry achieved significant labour productivity growth during the post … industries and firms. We also found that Brazil’s labour productivity growth lagged behind what was achieved in other …

highlights that analysis of the issue of technology-induced growth in a knowledge-based society must further the analysis by …Inextricable links between international trade, growth and role of knowledge-creation are well-established in the … economics literature. The issues of creation of technology, its diffusion and actual adoption have been discussed on both …

The Lucas and Romer production functions are currently the two most popular descriptions of the new growth theories in … which knowledge is endogenous to economic growth and technological change. However, in both production functions the … relationship between technology and human capital is implicit, and human capital is measured as an area. The latter is inconsistent …

The sector business services contributes directly and indirectly to aggregate economic growth in Europe. The direct … cyclical volatility, there was also a strong structural growth. Business services actually generated more than half of total … net employment growth in the European Union since the second half of the 1990s. Apart from this direct growth contribution …

is to re-evaluate this object of analysis in the light of the evolution of the theory of fluctuations to which it belongs … (Keynes, Hayek, Hicks) dealt with expectations and their disappointment in their theory of fluctuations. Part II provides … relevance of the theory of fluctuations as one moves from the years of high theory to the more recent years of rational …