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Acemoglu, Daron - National Bureau of Economic Research - 2024

Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...

Persistent link: https://www.econbiz.de/10014512044

Schooling, Labor Force Quality, and Economic Growth

Hanushek, Eric A. - 1995

Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...

Persistent link: https://www.econbiz.de/10012473468

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

Comin, Diego - 2005

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/10012467175

Growth, Trade, and Inequality

Grossman, Gene M. - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

Persistent link: https://www.econbiz.de/10012458165

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/10012458604

Buy, Keep or Sell : Economic Growth and the Market for Ideas

Akcigit, Ufuk - 2013

An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...

Persistent link: https://www.econbiz.de/10012458900

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

Madsen, Jakob - 2012

-adjusted educational attainment among the working age population based on their health status during the time they did their education …

Persistent link: https://www.econbiz.de/10012460199

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/10012460215

Innovation and Growth with Financial, and other, Frictions

Chiu, Jonathan - 2011

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 …

Persistent link: https://www.econbiz.de/10012461145

Innovating Firms and Aggregate Innovation

Klette, Tor Jakob - 2002

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/10012469896