The main objective of this work is to investigate the theoretical interrelationships between economic growth, the … National Innovation System (NIS) and the real exchange rate (RER) in an export-led growth model. Formally, this work presents … endogeneity of productivity in the industrial sector. In the short term the equilibrium growth rate depends on the real exchange …

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … find that a smaller long-run growth rate may be associated with a smaller capital-income ratio. Hence, the key implication … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …

Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the …

We analyze the impact of status preferences on technological progress and long-run economic growth. For this purpose … of the quest for status raises the steady-state economic growth rate only if the status-related extra return of shares is … strictly positive. Second, for any given degree of status consciousness, the long-run economic growth rate depends positively …