decades. Yet many observers warn that Asia's growth processes are unsustainable and could be headed for the “middle income … trap.” This paper examines past growth engines — including exports to advanced economies — and those that might replace …, and offer the potential for substantial productivity growth. These reinforcing drivers of demand and supply do not …

Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data …. In order to resolve this problem we integrate R&D-based innovations into a unified growth framework with micro …-founded fertility and schooling behavior. The model explains the historical emergence of R&D-based growth and the subsequent emergence …

Economic growth and development is a complicated process that falls into the domain of many disciplines in social … sciences and humanities. It is natural then to study fundamental aspects of economic growth synthesizing research in relevant … fields. In this short paper, we argue that this has rarely been the case in the economic growth literature. We briefly …

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 …

In the conventional neoclassical growth model, technical change is generally characterized as “purely labor … from conventional growth theory, the model developed in this paper seeks to remedy this “disturbing” state of affairs … fixed physical platform – the Earth – the model creates a pathway for economic growth to transpire through both physical …

We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which … places the notion of creative destruction at the center of economic growth. Economic growth and development come from the … transformation. We present a view of the process of economic development that takes the microlevel growth of firms and their …

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 …

growth in a two-country model of trade. In each country, the demographic transition to an older population induces a … contraction in the labor force through a decline in the working-age population. Firm-level investment in process innovation … generates productivity growth, and with imperfect knowledge diffusion the country with the larger labor force has a greater …