knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …

This paper studies the effect of competition on firm innovation by developing a discrete-time endogenous growth model … analysis shows that rising competition leads incumbent firms to undertake (i) more (less) internal innovation for the products … innovation. Specifically, the shift in innovation composition in response to rising competition decreases overall innovation in …

theories of competition, to show the process by which trust-promoting, societal-level moral codes promote productivity and …

We examine the dynamics of ideas production and knowledge-productivity relationship in a panel of 19 OECD countries. A …&D but little support for endogenous growth. Countries with low domestic ideas bases could considerably improve productivity …

This paper estimates a dynamic general equilibrium model of entry, exit, and endogenous productivity growth …. Productivity is endogenous both at the industry level (firms enter and exit) and at the firm level (firms invest in productivity …-enhancing activities). The focus of the paper is on two activities that make productivity-enhancing investments more attractive, namely …

consequences of changing firm concentration: productivity, distortions, selection into exporting, scale economies, and … firms is attributable to higher productivity growth rather than differential distortions. Exceptional performance of the top …