Growth models predict that taxation may have permanent effects on per capita real GDP growth. We look at, and test this … cluster analysis. Our results support the idea that taxes are generally harmful for growth. The coefficient estimates indicate … that a cut in the corporate income tax rate by 10 % raises the GDP growth rate by 0.9% while a cut in the personal income …

I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an … and volatility of output growth are jointly determined in equilibrium. I then test the key predictions of the model by … phones. I find that countries with more volatile growth rates of real GDP per capita have higher time adoption lags and lower …

to the U.S. In order to restore investment, innovation, and therefore growth, the European Commission seeks to raise the … findings in economic growth theory, which state that increased competition intensity may harm endogenous innovation, provide a …

We propose an innovation-driven growth model in which education is determined by family background and cognitive … market R&D. This means that our model rationalizes two different paths to modern growth: According to the Prussian way …

There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … flexible sector more intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital …

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …

electronics on GDP has been widely studied, the question of how electronic miniaturization affects economic growth has been … unexplored. To quantify the effect of electronic miniaturization on GDP, this paper builds an economic growth model that … model and show that Moore's Law accounts for approximately 3.5 percent of all productivity growth in the 1982-2007 period …

a model featuring endogenous firm productivity growth through innovation investment and size-dependent financial …Since the information and communications technology revolution, productivity growth in Southern European countries has … been substantially lower than in developed European countries. I document that Spanish firms have lower productivity growth …