We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

I investigate the long-run implications of trade and technology diffusion through trade, when firms are heterogeneous … and trade is costly. The paper integrates firm heterogeneity and trade into product innovation growth models from … endogenous growth theory. Two specifications of the R&D process are considered. In the first, R&D uses labor and intermediate …

of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the … Schumpeterian policies in sustaining long-run growth paths characterized by mild fluctuations and acceptable unemployment levels … factors influencing aggregate demand and drivers of technological change affect both short-run fluctuations and long …

of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the … Schumpeterian policies in sustaining long-run growth paths characterized by mild fluctuations and acceptable unemployment levels …-run fluctuations and unemployment levels. -- Endogenous Growth ; Business Cycles ; Growth Policies ; Business CyclePolicies …

. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are …

in which the rate of economic growth is sensitive to the interactions between relative wage and human capital … accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity … market rigidity in the form of wage structure rigidity affects human capital accumulation, and thereby the long-run growth …

&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive … productivity growth. …

I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some …

This paper, using a cumulative growth model and a catch-up model, verifies the cumulative relationship between IT … investment and economic growth, and then examines whether this relationship enlarges the differences in the economic growth among … disparity between countries according to the economic possibilities provided by IT investment. – IT ; growth gap ; cumulative …