Based on the main insights of Schumpeterian growth theory, this paper investigates which R&D-based mechanism is better … suited for explaining the pattern of world’s productivity growth. Using post-WWII data for a global sample of 115 countries … prevailing force and accounts for a larger share of world’s productivity growth …

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of …

We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced …

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who … become entrepreneurs by limiting the downside risk. The effort of entrepreneurs may, however, be hampered by high risk …