I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an … and volatility of output growth are jointly determined in equilibrium. I then test the key predictions of the model by … phones. I find that countries with more volatile growth rates of real GDP per capita have higher time adoption lags and lower …

that nests both the Cobb-Douglas and the CES. Embedding the resultant production function in a neoclassical growth … and labor may exceed unity and thus yield endogenous growth …

the period 1993–2012. The results show that the Internet and mobile phones have contributed to economic growth. A one … percentage point increase in Internet and mobile phone usage raises growth by 0.12 and 0.03 percentage points, respectively …. Overall, the results suggest that the development of telecommunications infrastructure fosters economic growth in Sub …

In a neoclassical growth model with a constant elasticity of substitution production function, the conventional wisdom …

This paper builds a model of growth through industrialization, as machines replace workers in a growing number of tasks …. This enables the economy to experience long-run growth, as machines become servants of humans, and as their number can grow … unboundedly. The mechanism that drives growth is the feedback between industrialization and wages. High wages are incentives to …

I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of R&D-induced growth … technological progress to economic growth. In each case, I find evidence of positive impact. Thus, I reject the null hypothesis that … growth is not induced by R&D in favor of the Schumpeterian endogenous growth framework without scale effects. I also find …

R&D-based growth theory suggests that productivity growth is positively correlated with population size or population … growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an … otherwise standard R&D-based growth model. We then show how a Beckerian child quality-quantity trade-off explains why higher …

We construct a two-sector semi-endogenous growth model to investigate the mechanism of sector biased technical change … and identify the fundamental driving force of structural change. We find that the balanced sectoral growth will be …