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 …

at least half of product innovation and growth comes from firms that never patent. We also find that market leaders use …

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 …

suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic growth and TFP … the number of citations that the patent receives in the future. Our new measure is associated with substantial growth …, reallocation and creative destruction, consistent with the predictions of Schumpeterian growth models. Aggregating our measure …

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

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

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. …