"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …

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 …

a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain …, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations …