While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One … reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological … externalities of innovations, argued to be inevitably. Another major reason lies in the fact that, as a result of innovations …

While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One … reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological … externalities of innovations, argued to be inevitable. Another major reason lies in the fact that, as a result of innovations …

This paper examines the effect of an increase in vertical diversity in workers' skill on the long run growth rate of an …&D sector is submodular. By adopting Grossman and Maggi's(2000) model to a framework of growth based on R&D, it shows first that … diversity is condutive to growth. As the main innovation, communication gap is introduced among workers. It is then shown that …

market in the process of economic growth, public intervention in the economy and the process of institutional innovations. …

lower profits and growth, which then makes costly and risky drastic innovations profitable again. This relationship between …Long-run technological progress is cyclical because drastic innovations that introduce new technological opportunity … and driven entrepreneurial profit and income growth towards zero. The article presents a ’technological opportunity model …

transformation pressure generalizes the idea that productivity growth in firms is promoted by intense competition, cost pushes and … or the stimulation of individual creativity when firms are put under real pressure. But productivity growth is not always … promoted by tight external circumstances. Growth may be maximized if pressure in each period is moderate or if periods with …

rationalisations. The theory generalises the idea that productivity growth in firms is stimulated by intense competition, cost …, irrational behaviour or that firms become more creative when they are put under real pressure. Productivity growth is not always … promoted by tight external circumstances. Growth may be maximised if pressure in each period is moderate or if periods with …