growth theory that builds on the trade-off between the quantity and the quality of offspring. It suggests that early … sustained technological progress. As a key feature, the theory resolves the debate about a "revolution" in human behavior in an …

, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …-industry variation in leverage and innovation …

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

on the innovation incentives of incumbents. To assess the net effect of these forces, we build a new endogenous growth …

-based policies and academic growth theory (Solow 1956 and 1957; Romer 1990), and some of the rhetoric surrounding them (Part II … course of tracing this historical development, a simple but significant inconsistency between microeconomic theory and …

. This paper proposes a simple theory of skill-biased change in entrepreneurial technology that fits with cross …