We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …-determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy and …

-producing sectors has fallen. Using a dynamic general equilibrium model, we find that rapid productivity growth in goods production, not …

the famous Encyclopédie in mid-18th century France. We show that subscriber density is a strong predictor of city growth … in the cross-section, but they do not predict growth. Finally, by joining data on British patents with a large French …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

growth, and find that it has a robust negative effect on GDP growth. This link coexists with the negative link between … variance and growth typically found in the literature. To explain the link between crises and growth we present a model where … contract enforce-ability problems generate borrowing constraints and impede growth. In the set of financially liberalized …