This book investigates the relation between investment, R&D, and long-run growth. Its first part surveys the literature on R&D-based growth. This survey is supplemented by a number of classifying tables. In its second part, the book goes beyond the models of R&D-based growth by proposing a more...

This paper presents a general-equilibrium model of endogenous skilled-biased technological change and matching unemployment in a disaggregated economy. We simultaneously endogenise both the direction and pace of technological change as well as the unemployment rates. We show that an increase in...

We extend the standard quality-ladder model with heterogeneous workers by including efficiency wages and unions. We find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in the supply of human capital, however, on the one hand...