While there is little doubt that innovations drive economic growth, their effects on well-being areless clear. One reason for this are ambivalent effects of innovations on well-being that result frompecuniary and technological externalities of innovations, argued to be inevitable. Another...

The aim of this paper is to account for both the short-run uctuations and thevery-long run transformations induced by technological change in analysing long-rungrowth patterns. The paper investigates the possible imprint left by short-run uctuationson the long run dynamics by aecting the...

The possibility of the “rebound effect” to technological progress has triggered a debatein energy economics concerning the usefulness of the promotion of efficiency progress. Until now,a multitude of empirical evidence has been gathered so to assess the magnitude of the effect in thefirst...

Did breakthroughs in core processes during the Industrial Revolution tend to generate furtherinnovations in downstream technologies? Here a theoretical model examines the effect of apolitical shock on a non-innovating society in which there is high potential willingness tocooperate. The result...