We develop a growth model that features the endogenous two-tier innovations of information carrier technology and production technology. Information carrier technology promotes production technology innovation and thus economic growth through improving the preservation and dissemination of...

We provide a unified growth model to study the transition from the Solow economy which only uses labor and physical capital in production to the Becker-Lucas economy which uses an additional new accumulative factor, human capital, in production. The model starts with the Solow economy, with the...

We build a novel endogenous growth model with information carrier technology, in which knowledge may be lost in storage and dissemination. In the asymptotic balanced growth path equilibrium, we establish two main findings. First, the growth rate of information carrier technology and the...

Residential segregation has been blamed for causing adverse social and economic effects, and contradicting to the ideology of a free and equal society. However, studies have documented that psychological and cultural benefits of such clustering. If households believe that it would provide...

As a newly emerging factor, data has been widely utilized in producing goods and services, and the nonbalanced growth between digital industries and non-digital industries is significant in recent years. In the digital economy, data has two unique features. One is the fact that data in one...

The short answer is yes. This paper studies the potential impact of artificial intelligence (AI) on families' fertility choices. According to the literature, AI is increasingly automating and replacing tasks performed by people, while the population is usually assumed to be exogenous. Keeping...

We have proposed a two-sector two-country behavioral trade model to examine the effect of household’s creation intention on production, consumption and net export (import). Our theoretical framework predicts that countries with higher creativity intention are inclined to export creative goods,...

The previous research has not reached a consensus on whether the protection of intellectual property rights (IPR) stimulates innovation, especially in the digital era. And due to the lack of exogenous variation of copyright statute, solid evidence on the causal effect of copyright protection is...