knowledge at all times in a serendipitous way, the industrial revolution is an inevitable outcome. The paper characterizes the …

revolution through entrepreneurs’ role for the accumulation of useful knowledge. While learning-by-doing in agriculture …

knowledge protected by secrecy, patents and other appropriability devices. To explore the macroeconomic implications of this … driven by imbalances between the firms' stocks of capital and knowledge and exhibits properties consistent with the evidence …

considering knowledge diffusion on a Salop (1979) circle. Completing markets by pricing knowledge allows us to compare the private … value of innovations with the social one. This comparison sheds a new light on the consequences of non-rivalry of knowledge …

-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard … Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … simultaneously sending and receiving knowledge is located over the circle. The link between knowledge diffusion and scale effects …

investments are associated with new technological knowledge that accumulates over time. We analyze a version of the model with …

investments are associated with new technological knowledge that accumulates over time and sustains long-run growth. We show that …-temporal knowledge externality. An appropriate policy of investment subsidies may implement the efficient allocation. …

investments are associated with new technological knowledge that accumulates over time and sustains long-run growth. We show that …-temporal knowledge externality. An appropriate policy of investment subsidies may implement the efficient allocation …