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Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences

Aizenman, Joshua - 2007

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...

Persistent link: https://www.econbiz.de/10012777949

A Theory of Growth and Volatility at the Aggregate and Firm Level

Comin, Diego; Mulani, Sunil - 2021

This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...

Persistent link: https://www.econbiz.de/10013224700

Quality Ladders and Product Cycles

Grossman, Gene M.; Helpman, Elhanan - 2021

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

Persistent link: https://www.econbiz.de/10013235883

Health, Human Capital Formation and Knowledge Production : Two Centuries of International Evidence

Madsen, Jakob Brøchner - 2012

Recent medical research shows that health is highly influential for learning and the ability to think laterally; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas production; the main drivers of growth in endogenous growth...

Persistent link: https://www.econbiz.de/10013099411

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James Alan; Verdier, Thierry - 2012

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

Persistent link: https://www.econbiz.de/10013099537

Localized and Biased Technologies : Atkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change

Acemoglu, Daron - 2014

. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …

Persistent link: https://www.econbiz.de/10013055191

Induced Innovation and Energy Prices

Popp, David - 2021

existing knowledge have strongly significant positive effects on innovation. Furthermore, I show that omitting the quality of …

Persistent link: https://www.econbiz.de/10013246366

Substitution and Complementarity in Endogenous Innovation

Young, Alwyn - 2021

technologies in recent models of endogenous innovation. Historical examples of technological change suggest that new technologies …

Persistent link: https://www.econbiz.de/10013246662

Innovating Firms and Aggregate Innovation

Klette, Tor Jakob; Kortum, Samuel - 2021

We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...

Persistent link: https://www.econbiz.de/10013248388

The Induced Innovation Hypothesis and Energy-Saving Technological Change

Newell, Richard G.; Jaffe, Adam B.; Stavins, Robert N. - 2021

It follows from Hicks' induced innovation hypothesis that rising energy prices in the last two decades should have … induced energy-saving innovation. We formulate the hypothesis concretely using a product-characteristics model of energy … innovation. Through estimation of characteristics transformation surfaces, we find that technological change reduced the total …

Persistent link: https://www.econbiz.de/10013217202