We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change … where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … hinges on risk tolerance and patience. Parents expecting their children to become entrepreneurs have an incentive to instill …

inequality-growth nexus. By carrying out fixed effects estimations on a cross-country panel, we find that both institutional … quality and innovations improve economic growth at the expense of income equality. We show that the marginal effects of … innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be …

This paper develops and analyzes a macroeconomic model in which aggregate growth and fluctuations arise from the … and fluctuate much like the data. The key features of post-war growth are explained by new technologies that differ in … negative trend in technological dispersion, and that the generally lower growth witnessed during the last two decades is the …

Despite an increasing recognition of the importance of health for economic growth, there is still a lack of … economic growth and which non-linearities matter in this context? To answer these questions, we propose an R&D-based economic … growth model with overlapping generations in which life expectancy depends on health care utilization per capita and on …

significantly slowed down output growth between 2010 and 2015. A partial-equilibrium aggregation exercise suggests output would be …

of technological innovations. The model is based on the endogenous growth theory of Aghion and Howitt and its derivatives …This paper models the effects of financial development on economic growth through better or more efficient utilization …, especially the growth model of Aghion, Howitt and Mayer-Foulkes, which covers the effect of financial development on convergence …

macroeconomic approach of endogenous growth models with technological change in order to make a comparative assessment of the impact … of such policy measures on economic growth in the US and Japan in the medium and long term. Our estimates reveal several … Politikinstrumente auf das mittel- und langfristige Wirtschaftswachstum der USA und Japan vorzunehmen. Unsere Ergebnisse zeigen mehrere …