This paper studies the role and complementarity of advanced manufacturing processes and product innovations for growth …. We uncover large and distinct effects of advanced manufacturing and product innovation for firm and aggregate growth … process innovation contribute differently to growth and productivity convergence towards the U.S. for countries with different …

We find that the weather induced local employment growth surprises are positively related to the cross section of … employment growth can predict future returns. This return predictability is stronger in more weather sensitive industries, when … employment growth surprises are also positively related to future earnings surprises. Our results are consistent with the …

U.S. aggregate fluctuations. A growth model that incorporates this form of technological change is calibrated to U …-specific technology shocks. The analysis suggests that this form of technological change is the source of about 30 percent output … fluctuations. …

of technology-fueled economic growth. We employ the model to investigate the properties of macroeconomic dynamics and the … Schumpeterian policies in sustaining long-run growth paths characterized by mild fluctuations and acceptable unemployment levels … factors in uencing aggregate demand and drivers of technological change affect both "short-run" fluctuations and long …

A pervasive trend that characterised the past two decades of European economic growth is that the share in the economy … that in recent decades business services contributed heavily to European economic growth, in terms of employment …, productivity and innovation. A direct growth contribution stems from the business-services sector's own remarkably fast growth …

The IMF’s most recent World Economic Outlook (WEO), published last week, projects world economic growth will slow, from …