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 …

Although ideas production plays a critical role for growth, there has been only a modicum of research on the role … played by financial forces in fostering new inventions. Drawing on Schumpeterian growth theory, this paper tests the roles of … framework, on the other hand, curbs innovative production. Schumpeterian growth ; financial development ; venture capital …

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 …

This paper analyzes the effect of trade on growth, when technology adoption is endogenous and depends on factor prices …

standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … change and indirectly through increasing population growth. The fertility transition and the child quantity-quality trade …

relationship between firm-level innovation, entry and exit on the one hand, and productivity and growth on the other. Aghion has … thus accomplished to bridge theoretical macroeconomic growth models with a more complete and consistent microeconomic … setting. He is one of the founding fathers of the pioneering and original contribution referred to as Schumpeterian growth …