satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …

satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …

knowledge at all times in a serendipitous way, the industrial revolution is an inevitable outcome. The paper characterizes the …

revolution through entrepreneurs’ role for the accumulation of useful knowledge. While learning-by-doing in agriculture …