In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven … micro-founded approach both, questions the old divisions between growth and development economics, and also provides the … analytical tools to design successful; strategies and appropriate institutions to achieve fast convergence and sustainable growth …

innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … in the top 1% income share between 1975 and 2010. Finally, we show that innovation does not increase broader measures of … inequality which do not focus on top incomes, and that innovation is positively correlated with social mobility, but less so in …

In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for … analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as … the same framework can be used to analyze how growth interacts with development and cross-country convergence and …

of productivity growth, but the effect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …

-term rate of productivity growth, but the e¤ect depends critically on a country's level of financial development. For countries … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also offer a simple monetary growth model in which real exchange rate uncertainty …

This paper analyzes the relationship between the entry of new firms and the innovation and productivity growth within … existing firms. In particular, we argue that liberalizing entry has a boosting effect on innovation and growth in those …

Aghion, Van Reenen and Zingales (2013) find that institutional ownership causes an increase in innovation as measured … ownership and innovation is robust in 22% of robustness checks. On average, 2nd stage z-scores were just 42.7% of the original …

innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer … to the technological frontier under the reasonable assumption that innovation is a relatively more skillintensive … level and subsequent growth in rich countries. In particular, we show that in OECD economies it is crucial to isolate the …

We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which … places the notion of creative destruction at the center of economic growth. Economic growth and development come from the … transformation. We present a view of the process of economic development that takes the microlevel growth of firms and their …

, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the …We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …