The formal theoretical model in this study enables segmentation of countries with respect to three factors, namely, the extent to which income inequality is adopted as a policy variable; the extent to which there is focus on generation of either of `incremental', or `disruptive' innovations; and...

This paper introduces an economically meaningful concept of generality of an input and defines a coefficient of technological generality, an intuitive measure of congruence in the R&D required for improving the quality of various adaptations of a general purpose input. It is shown in a...

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...