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

Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth …. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process …. Stable and sustained long-term growth in output requires the continuous creation of new technological and commercial …

When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … efficiency imposed by thermodynamic laws. In this paper, I develop a growth model that explicitly accounts for endogenous … trigger a full transformation toward green growth. …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …

uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

Existing growth research provides little explanation for the very large differences in long-run growth performance … across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of … economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible …

We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth … county. This is a departure from much of the economic growth literature, which has (at least in part) relied on extrapolation … economic growth, (ii) the percentage obtaining a high school diploma is positively correlated with growth, and (iii) the …