The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …

The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …

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 …

. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the … endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …

We construct a two-sector growth model to show that sector biased technical change is the only fundamental driving … force of perpetual structural change and non-balanced sectoral growth. The direction of sector biased technical change …

We construct a two-sector semi-endogenous growth model to investigate the mechanism of sector biased technical change … and identify the fundamental driving force of structural change. We find that the balanced sectoral growth will be …

In this paper we show that the R&D effort of a country and its economic growth are highly correlated. In order to … low growth environment due to the uncertainty associated with the researching activity. In this situation, the economy … sufficiently, then the risk associated with R&D activities drops and the economy hires more researchers. Consequently, growth does …

Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the … demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across … these trends. The interplay of differences in productivity growth and in the substitution elasticity across sectors drive …