It has become a global agenda for the transition toward sustainable energy systems; the Mercosur region faces unique opportunities and challenges in harnessing the potential of renewable resources. Against this backdrop, this study thoroughly investigates the determinants of renewable energy...

"We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more "radical" innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both...