direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose … a new growth model centred around a shift towards more home-grown innovation, digitalisation, climate change mitigation …

Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given … satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple … savings reduces interest rates, which boosts the rate of innovation. When TFP grows exogenously and labor supply is …

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …

countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …