We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the … second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth …

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge …-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have …. This paper therefore assesses the effect of spillovers in driving per capita output growth taking into account the role of …

Given the decline in growth momentum in the manufacturing sector in many OECD countries, the role of knowledge …-based capital has emerged as a key driver for sustained growth. While empirical studies on estimating knowledge spillovers have …. This paper therefore assesses the effect of spillovers in driving per capita output growth taking into account the role of …

This paper contributes to the analysis of the effects of demand structure on longterm growth. Introducing non … inequalities on long-term growth in our quality-ladder framework, and find that a lower level of wealth disparities always leads to … an increase in the long-run growth rate. Finally, we show that beyond this negative impact on growth, inequalities also …

only successful in promoting a new type of firm that otherwise might not exist, but in transforming the sources of growth …

innovation rates, and by extension on the economic growth rate. We demonstrate that a higher share of the population being poor … is detrimental to the rate of economic growth, while a redistribution of wealth from rich to poor consumers increases the …

This paper examines a model in which growth takes place through investment-specific technological change, which in turn … the growth rate can depend on the degree of substitability between research spending and new capital construction …. Research subsidies tend to have a larger impact on the growth rate than would an investment tax credit of the same magnitude …