We use a dynamic model to study the effects of technology and learning on the long run economic growth rates of a … lagging region are the result of learning from the leading region's technologies. Our analysis sheds light on four salient …

Climate economics has been criticized for ignoring uncertainty, catastrophic changes, and tipping points (Stern 2016 …

the effect of innovation uncertainty on the concomitant time path of firm valuations, technology adoption and growth in a … resulting valuation bubble, induced by uncertainty and accelerated by positive externalities, may serve as a coordination … to the adoption process of externality intensive innovations. Under the framework proposed, uncertainty may improve long …