creates a more dynamic and uncertain environment, it not only increases the rewards to education and ability but also enhances … intergenerational propogation of adaptive skills. In contrast, if technological progress is slow during development, the education of …

of educated people in order to commence production. In such a situation, with education choices being endogenous …, coordination failure can arise in the choice of education. This is because one person's choice depends on whether sufficient other … people are choosing education to allow the advanced sector to commence production. The paper sets out a simple two …

Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … - are thus much better than predicted by conventional R&D-based growth theory. …

Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … countries - are thus much better than predicted by conventional R&D-based growth theory. …