This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and … optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements … model and discusses innovation in an enhanced Mundell-Fleming macro model. Moreover, for the first time it directly links a …

show that, when the level of financial development prevents countries from catching up relative to the world technological …

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …