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today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative …
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and coherent theory of economic growth. Research in growth theory has demonstrated that significant and systematic … many obstacles that the creation of wealth may encounter. The current essay surveys cutting-edge research on growth theory …, in any case, they call for a reexamination of growth theory. …
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We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain the evolution of industries and aggregate growth in closed and open economies. Firms employ educated workers in order to develop higher-quality products. The realization of...
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