Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth …. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process …. Stable and sustained long-term growth in output requires the continuous creation of new technological and commercial …

When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … efficiency imposed by thermodynamic laws. In this paper, I develop a growth model that explicitly accounts for endogenous … trigger a full transformation toward green growth. …

context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …

uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …

This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … (quasi-) stasis and an epoch of high growth linked by gradual economic take-off. It is shown how the feedback mechanism can …

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 …

After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate … side. The aim of this paper is to give a critical survey of the most important explanations for the ongoing growth …

In the conventional neoclassical growth model, technical change is generally characterized as “purely labor … from conventional growth theory, the model developed in this paper seeks to remedy this “disturbing” state of affairs … fixed physical platform – the Earth – the model creates a pathway for economic growth to transpire through both physical …