capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD … productivity growth. …

capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD … productivity growth. …

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 …

Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …

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 …

of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the …-term growth patterns. From a normative point of view, simulations show a corresponding complementarity between Keynesian and … Schumpeterian policies in sustaining long-run growth paths characterized by mild fluctuations and acceptable unemployment levels …

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 …

This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are … considered. The effect of innovation adds another source of cumulative growth to that of the traditional models and allows for … the other hand, is the major force leading to convergence in productivity due to the effect of the diffusion of technology …

This paper presents an overview of the literature on 'cumulative growth'. It is argued that, independently of the 'new …' growth theory, these models have achieved the nature of 'endogenous' growth models. Their main differences, however, lie in … the assumptions about the equilibrium prevailing in the economy. Cumulative growth models do not assume a general …