Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models … based on this concept. These models shed light on several aspects of the growth process which could not be properly … market structure; (ii) firm dynamics; (iii) the relationship between growth and development with the notion of appropriate …

This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … still rare. We apply a structural model that describes the link between R&D expenditure, innovation output and productivity … (CDM model). Our econometric results suggest that overall the systems driving innovation and productivity are remarkably …

productivity slowdown in the 1970s and resurgence in the 1990s. Lucas (1978) suggests that the quality of managers plays a … influx of young workers will lower the overall quality of management and lower total factor productivity. Census data shows …, increasing managerial quality and raising total factor productivity. Using the Lucas model as a framework, a calibrated model of …

How much economic value did the diffusion of broadband create? We provide benchmark estimates for 1999 to 2006. We …

years. We use this comprehensive data set to uncover general patterns of technology diffusion. Our main 5 findings are as …This paper presents a new data set on the diffusion of about 115 technologies in over 150 countries over the last 200 … technology, the dispersion in the adoption levels across countries is about 5 times larger than the cross-country dispersion in …

We introduce an instrumental variables approach to estimate the importance of unmeasured quality growth for a set of 66 … durable consumer goods. Our instrument is based on predicting which of these 66 goods will display rapid quality growth. Using … impact of quality-upgrading on prices paid. We estimate that quality growth averages about 3.7% per year for our goods, with …

as they are used in the countries in our sample. We denote these time lags as technology usage lags and compare them with … lags in real GDP per capita. We find that (i) technology usage lags are large, often comparable to lags in real GDP per … across technologies. The productivity differentials between the state of the art technologies that we consider and the ones …

both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew …'s comparative advantage remained the same as in the 1960s, and technology in all sectors grew at the same country-specific average …