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 that could not be properly addressed by …; (ii) firm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth …

international differences in post-crisis GDP growth. …

international differences in post-crisis GDP growth. …

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A … characterize dynamic tax policies that achieve sustainable growth or maximize intertemporal welfare. We show that: (i) in the case … where the inputs are sufficiently substitutable, sustainable long-run growth can be achieved with temporary taxation of …

This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011 … policies can be conducted "without sacrificing (much or any) long-run growth". Second, they select unrealistic key parameters …. Third, the model leads to an unrealistic conclusion when used to analyse endogenous growth, suggesting specification …

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A … characterize dynamic tax policies that achieve sustainable growth or maximize intertemporal welfare. We show that: (i) in the case … where the inputs are sufficiently substitutable, sustainable long-run growth can be achieved with temporary taxation of …

legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier …, education and rigidities are significantly related to TFP growth. The contribution of the interaction between product market …

This paper discusses recent theoretical and empirical work on the interactions between growth and business cycles. One … long-run growth. In the first type of approach, which relies on learning by doing mechanisms or aggregate demand … externalities, productivity growth and direct production activities are complements. An expansion therefore has a positive long …