This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade … to derive two predictions. First, the mean rate of quality growth and the corresponding cross-sectional variance of … quality growth in a country are positively correlated. Second, both the mean and variance of quality changes are positively …

Innovation is a key driver of long run economic growth. Studying innovation requires a clear view of the …

correlated with economic growth, there are many high income countries that primarily produce using diffused ideas. Additionally … reliance on diffused technology …

high-growth entrepreneurs. Our respondents together account for nearly $1 trillion in assets under management. Each …

technology. We review these assumptions and how they deliver a unified framework underlying a wide range of static and dynamic …

We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job … tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent …

Industrialized countries have long seen relatively stable growth in output per capita and a stable labor share. AI may … may happen by placing several strands of the literature on AI and growth within a common framework. We first evaluate … automation, capturing the notion that AI will let capital "self-replicate". This typically speeds up growth and lowers the labor …

are damped in countries that impose minimum capital requirements on new firms. Firms with largescale legacy technology may … avoid radical innovations that devalue that technology. Consequently, new, initially small and risky firms often develop the … disruptive innovations that contribute most to economic growth. Consistent with this, we also find pro-debtor PBL reforms …

-enhancing investments (technology). Empirically, less developed countries feature higher distortions and larger dispersion in firm …-thirds of cross-country labor productivity differences. Both selection and technology channels are important. Variation in …