"Addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. Analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth...

This paper studies the impact of the early adoption of one of the most important high-technology machines in history, the public mechanical clock, on long-run growth in Europe. We avoid endo-geneity by considering the relationship between the adoption of clocks with an instrument based on the...