This paper studies the problem of incentivizing an agent in an innovation project when the progress of innovation is … known only to the agent. I assume the success of innovation requires an intermediate breakthrough and a final breakthrough …

behind the growth and convergence of the financial sector across 13 advanced economies from 2000 to 2015, focusing on the …. First, most nations experienced substantial growth in valueadded, coupled with a significant decrease in employment and … robust advancements in labor productivity. Next, the primary drivers of labor productivity growth and convergence across many …

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The …

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … firms farther from the frontier try to imitate more productive technologies. The equilibrium choice leads to a balanced-growth …

-term credit growth than on their short-term growth, indicating the usefulness of these technologies in providing data that not … more opaque firms seeking financing. Our study contributes to the understanding of the nuanced role of innovation in …

, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …-industry variation in leverage and innovation …

at different stages of development when entering in a new catching-up cycle. Thus, the technological drivers of growth …] can play different roles to accelerate the rate of growth and change their relative position in the leadership rank (win …

The promise of artificial intelligence (AI) to drive economic growth and improve quality of life has ushered in a new …-related innovation and investment characteristics. Furthermore, we develop a new measure of knowledge coupling at the firm-level and use …