Using sectoral intangible investment data we confirm that intangible capital is a significant determinant of labour productivity growth. The sectoral setting further allows us to identify the differential impacts of intangible capital across industries with varying degrees of ICT intensity....

This paper studies whether promoting entrepreneurship is always growth-enhancing under a dynamic general-equilibrium framework in which agents differ in their risk attitude. Less risk averse agents become entrepreneurs who contribute to economic growth through a product variety effect. Workers,...